South Suffolk MP Tim Yeo’s party association today said it will not decide who will stand at the next election until an investigation into his conduct is complete.

The party has denied reports it is moving to deselect Mr Yeo, who is fighting claims he used his position to help business clients, saying the question had not arisen.

Mr Yeo has volunteered to meet members at the end of the month in the wake of an undercover investigation which appeared to show him saying he could exert influence behind the scenes for private companies.

He has temporarily stepped down as the chairman of the Energy and Climate Change Committee.

Conservative Party Agent for South Suffolk Peter Burgoyne said: “No moves are being made by the association to deselect Mr Yeo.

“As of today Mr Yeo has not yet made any request to be reselected as the candidate for South Suffolk in 2015 so the question of deselection does not arise. I would not have expected Mr Yeo to make any such request until the autumn at the earliest.

He added: “Following the allegations made in the Sunday Times, which are vigorously denied by Mr Yeo, and following his self referral to the Parliamentary Standards Commissioner, Mr Yeo volunteered to attend a meeting of Conservative Association members later this month.

“No decision about the selection of a candidate to fight South Suffolk for the Conservative Party will be made until after the conclusion of the Parliamentary Standards Commissioner’s investigation,” he added.

The Tory veteran has said he “totally rejects” the allegations made after a sting by journalists and has referred himself to the parliamentary standards commissioner.

The former minister told members of the Energy and Climate Change Committee that he should temporarily stand aside during inquiry to ensure the “smooth running” of the committee.

But he insists that has not breached Commons rules when he spoke to undercover reporters.