The Sinn Féin Ard-Chomhairle has agreed to undertake a process of consultation with the entire party on the issues arising from last week's talks at St Andrews.
The move follows a meeting in Dublin this afternoon.
The party now intends to consult its wider membership which will take a number of weeks.
According to Sinn Féin MEP, Mary Lou McDonald, the consultation will involve full dialogue and debate within the party and within the community.
Sinn Féin President, Gerry Adams, described today's meeting as very important, saying the Ard-Chomhairle was given a full briefing.
He said a number of concerns were raised at the meeting about the stance of both governments and about the DUP's commitment to power sharing.
Mr Adams said there was overwhelming support for getting the Good Friday Agreement rolled out and for bringing about the restoration of the political institutions.
There are 56 members on Sinn Féin's Ard Chomhairle. It has the authority to decide if a special Ard Fheis is to be called to debate party policy on policing.
A policy shift by Sinn Féin is a bottom line requirement by the DUP in return for a commitment on power-sharing, which is due to take effect in March.
A Sinn Féin team, led by Mitchel McLaughlin, was also due to hold talks with the Minister for Finance, Brian Cowen, today.
