The Serb entity insists on the preservation of the state association's tripartite presidency, accusing FIFA and UEFA of imposing demands and depriving the Serb entity football association's of democratic rights.
The amendments envisage the introduction of the state football association's president to replace the existing three-member presidency.
Sulejman Colakovic of the Bosnian state football association was quoted by the media that the suspension from FIFA and EUFA would be imminent later this month.
Colakovic said he would concede to having a Serb at the helm of the Bosnian state association in the next period if this would help overcome the current situation.