However, the Stade Francais skipper's charge has been reduced by the FFR to 'failing in his captain's duties'.
The ban has also been reduced from 30 days, plus ten suspended, to just 20, which ends on Saturday, meaning he will be available for coach Jacques Brunel at Twickenham the following day.
Having missed the RBS 6 Nations defeat to Wales in Rome on February 23 Parisse will also now be able to play in the Azzurri's final fixture against Ireland at the Stadio Olimpico.
An FIR statement read: "It's with satisfaction that we learned that Sergio Parisse's suspension has been reduced to 20 days and, therefore, the player will be available for the next two games of the RBS 6 Nations.
"Sergio is an important member of this squad and we are delighted that he is available to Jacques Brunel for the games against England and Ireland."