The investigation into City was based on leaked emails published last year by German magazine Der Spiegel as part of "Football Leaks".
Guardiola's City outfit currently sit second in the Premier League table, meaning that the fourth Champions League slot available for English teams would likely go to the fifth-placed club this term.
Sheffield United, promoted to the top flight last year, sit in fifth.
It is not the first time that Man City have fallen foul of FFP regulations, having been fined 60 million euros and seeing their Champions League squad reduced in May 2014.
Qatari-owned Paris Saint-Germain were also fined that year.
Seven-time European champions AC Milan were banned from this season's Europa League for FFP breaches.
Amir Hamza
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shamim iqbal
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Shahadat Hossain
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