The Bishop of Lincoln, Christopher Lowson, has been suspended.
The Archbishop of Canterbury acted saying it was in relation to a safeguarding children inquiry.
Justin Welby added that “if proven” he would consider the bishop “would present a significant risk of harm by not adequately safeguarding children and vulnerable people”.
Bishop Lowson said he was “bewildered” by the suspension and would cooperate fully.
In a statement, the archbishop continued: “I would like to make it absolutely clear that there has been no allegation that Bishop Christopher has committed abuse of a child or vulnerable adult.”
Bishop Lowson said: “I am bewildered by the suspension and will fully cooperate in this matter.
“For the sake of the diocese and the wider Church I would like this to be investigated as quickly as possible to bring the matter to a swift conclusion.”
The Bishop of Grimsby, David Court, will now take on the leadership of the diocese.
“It should be noted that suspension is a neutral act and nothing further can be said at this stage while matters are investigated,” the archbishop added.
“I ask for prayers for all affected by this matter.”