The investigation of London's Central Gurdwara was launched after a group of its members accused the management committee of corruption.
A spokesman for the commission said that the sale of two properties belonging to the gurdwara had been dropped and that a new management team was now in place.
The gurdwara planned to sell the properties last year to raise £3m to fund a second temple in the capital. But a group called Central Gurdwara Members Against Corruption stopped the sale by writing to the auctioneer, accusing the management of breaking the charity's governance rules.
The regulator agreed that the sale had been decided at a meeting held in breach of governance procedures.