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 Sec. 61.413.
(b) You must comply with the limits specified in Sec. 61.415 and the recordkeeping requirements of Sec. 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 Sec. 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]