The CFA board of directors will meet next Tuesday to examine rule changes to stamp out any perceived corruption, including a points deduction, relegation or removal of a team found to be guilty of match-fixing.
It is also considering halving the number of teams in the division from 16 to eight for the 2019-20 season.
The CFA received a number of warning letters from the European game's ruling body concerning second division fixtures. Four of those matches are being investigated by the police, the Cyprus Mail newspaper reported.
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(Reporting By Peter Stevenson; Editing by Keith Weir)
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