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.
(Reporting By Peter Stevenson; Editing by Keith Weir)
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