Fifa says a presidential election will be held on 26 February 2016 to elect a successor to Sepp Blatter.
The announcement came as the executive committee of world football's governing body met in Zurich. It is the first time it has met since seven officials were arrested in May as part of an American investigation into alleged corruption and bribery.
Fifa President Sepp Blatter announced a range of reforms at football's world governing body during a news conference today.
Blatter, who earlier had bank notes thrown at him, said an 11-person task force would be set up to develop the proposals.
The 79-year-old said the reforms would include enhance centralised integrity checks for executive committee members, the introduction of term limits and higher standards of governance.
He said: "Now I think with this we are on the right track with improved governance and greater accountability."
Michel Platini has formally announced that he intends to stand for the Fifa presidency when Sepp Blatter vacates the position
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FIFA says a presidential election will be held in February 2016 to elect a successor to Sepp Blatter - here's the men in line to replace him