Fernando, has been under investigation since October, FIFA disclosed on Monday.
The proceedings have now been sent to the adjudicatory chamber of FIFA's ethics committee for a decision.
He was known in football circles as a close ally of Mohamed Bin Hammam, who challenged Sepp Blatter for the FIFA presidency and was banned for life for conflicts of interest in December.
Fernando's ban is at the request of Michael J. Garcia, the American attorney who heads the investigatory chamber of FIFA's ethics committee.
An ethics committee statement said: "Hans-Joachim Eckert [chairman of the adjudicatory chamber of the ethics committee] today provisionally banned FIFA executive committee member Vernon Manilal Fernando from taking part in any kind of football-related activity at national and international level for a period of a maximum of 90 days.
"The decision was taken... in order to prevent interference with the establishment of the truth with respect to proceedings now in the adjudicatory chamber.
"The proceedings relate to formal ethics charges brought in a final report filed by the chairman of the investigatory chamber with the chairman of the adjudicatory chamber. This report is the result of investigatory proceedings opened in October 2012.
"The case is now with the jurisdiction of the adjudicatory chamber for any further procedural steps that chamber deems appropriate."
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