If you hold a flight instructor certificate, a commercial pilot certificate with an airship rating, or a commercial pilot certificate with a balloon rating issued under this part, and you seek to exercise the privileges of a flight instructor certificate with a sport pilot rating, you may do so without any further showing of proficiency, subject to the following limits:
(a) You are limited to the aircraft category and class ratings listed on your flight instructor certificate, commercial pilot certificate with an airship rating, or commercial pilot certificate with a balloon rating, as appropriate, when exercising your flight instructor privileges and the privileges specified in § 61.413.
(b) You must comply with the limits specified in § 61.415 and the recordkeeping requirements of § 61.423.
(c) If you want to exercise the privileges of your flight instructor certificate in a category or class of light-sport aircraft for which you are not currently rated, you must meet all applicable requirements to provide training in an additional category or class of light-sport aircraft specified in § 61.419.
[Doc. No. FAA-2001-11133, 69 FR 44875, July 27, 2004, as amended by Amdt. 61-124, 74 FR 42562, Aug. 21, 2009; Amdt. 61-125, 75 FR 5222, Feb. 1, 2010]