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Football Association chairman Greg Dyke prevented any FIFA sanctions after returning a £16,000 watch he had received as a gift.
Dyke was given one of a limited edition of Parmigiani watches by the Brazilian FA after attending a FIFA Congress meeting in Sao Paulo during the World Cup - with 65 handed out in gift bags totalling more than £1million.
When the watches were recalled, Dyke initially refused to hand his back having promised to donate it to the FA's official charity partner, Breast Cancer Care, so that it could be auctioned.
But, with the threat of sanctions if he did not return the watch, FIFA's ethics committee has confirmed receipt of the item and has now closed proceedings on the matter.
Mr Greg Dyke has returned the CBF Parmigiani watch. As a consequence, the adjudicatory chamber of the FIFA Ethics Committee has decided to close the proceedings in respect of a possible breach of the FIFA Code of Ethics.
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Football Association chairman Greg Dyke has warned it will be tough to cope with the disruption to the football calendar after a FIFA task force recommended the 2022 World Cup be played in November/December.
Dyke said the best option would be for FIFA to move the World Cup from Qatar but that the choice of November/December was "the best of the bad options".
The FA chairman also said the governing body would do all it could to protect the traditional festive period for club matches - playing the final on December 23 has been mooted as one possibility.
Dyke told Press Association Sport:
The best option would be to not hold it in Qatar, but we are now beyond that so November/December would seem to be the best of the bad options.
It will clearly disrupt the whole football calendar as it means club football stopping at the end of October. You might be able to keep the disruption to one season if you start earlier and end later but it's going to be tough - and unnecessary because we would not be doing this if FIFA had done their work properly.
We will have to wait to hear the detail but we will try to protect all the traditional Christmas dates.
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The issue of whether convicted rapist Ched Evans should return to football is "not clear cut", FA chairman Greg Dyke has said.
While Dyke refused to give his own view on Sheffield United allowing Evans to train following his release from prison, he said there is a "straightforward question" that needs to be answered.
He told BBC's Newsnight: "Here's the straightforward question - are people who go to prison entitled to come out of prison and to try and rebuild their lives or aren't they?
"Or is what they've done so bad and because they're in an industry where their image is important - and that's the dilemma and it's not clear cut."
FA chairman Greg Dyke says Michael Garcia's comments about his Fifa investigation "make a mockery of the whole the process."
"If the person who did the investigation says the report didn't reflect what he believed, then I'm a bit shocked by it all," he said.
"Most of the criticism is of people of who cooperated the most fully.
"If you actually cooperated, you don't get criticised, which seems very weird to me."
Football Association chairman Greg Dyke has confirmed he was given a £16,000 watch by the Brazilian FA but had no idea of its value and is returning the gift.
The presents were given to a representative from all 32 countries at the World Cup and Fifa today ordered that the watches needed to be returned by October 24.