A statement from the FA read: "An independent Regulatory Commission has sanctioned Everton, Liverpool, Arne Slot and Sipke Hulshoff in relation to the Premier League fixture between the clubs on Wednesday 12 February.
"It was alleged that both clubs failed to ensure their players and/or technical area occupants did not behave in an improper and/or provocative way following the final whistle.
"It was alleged that the Liverpool head coach acted in an improper manner and/or used insulting and/or abusive words and/or behaviour towards both the match referee and an assistant referee after the match had finished. Arne Slot admitted the charge, and the Regulatory Commission imposed a two-match touchline suspension and £70,000 fine."
The FA also imposed financial penalties on both clubs involved as Everton were fined £65,000, while Liverpool were handed a £50,000 fine for their part in the incident.