The President of the Asian Football Confederation, Mohammed bin Hammam, and Vice President of FIFA Jack Warner have been suspended from football duties pending an investigation into bribery allegations.
The announcement was made following a meeting of the governing body's ethics committee today,which is investigating allegations of vote-buying ahead of the FIFA Presidential elections.
FIFA also announced 'no investigation is warranted' against president Sepp Blatter and that the election will go ahead as planned on Wednesday - with Mr Blatter as the only candidate.
Earlier, Mr Bin Hammam announced that he had pulled out of the FIFA presidential race amid calls for the election to be suspended.
In a statement on his website, Mr Bin Hammam revealed his decision to withdraw from the election.
He said: 'It saddens me that standing up for the causes that I believed in has come at a great price - the degradation of FIFA's reputation. This is not what I had in mind for FIFA and this is unacceptable.
'I cannot allow the name that I loved to be dragged more and more in the mud because of competition between two individuals.'
He added: 'I will not put my personal ambition ahead of FIFA's dignity and integrity.'
The Qatari representative had campaigned for the presidency on a promise to make FIFA more transparent.
His decision to withdraw now leaves Mr Blatter unopposed in the election, which is scheduled for Wednesday.
FIFA has weathered a storm of criticism in recent months following its decision to grant the 2018 World Cup to Russia and the 2022 tournament to Qatar.
British politicians and the English Football Association expressed outrage in the wake of England's failure to win the 2018 competition.
A British parliamentary inquiry subsequently heard testimony from former FA chairman David Triesman alleging FIFA voters had demanded bribes and favours during the World Cup bidding contest.