What condition applies to players transferring to a club under sanction by FIBA?

The correct option indicates that only players licensed with the club's federation at the time of sanction can be transferred. This condition is crucial because it upholds the integrity of the sport and ensures that transfers occur within the regulatory framework set by FIBA.

When a club is under sanction, it typically means that there are violations of FIBA regulations or rules that need to be addressed. Allowing only players already licensed with the club’s federation to transfer ensures that these players have already met necessary compliance standards prior to the sanction. This helps protect the rights of players, as they are formally recognized within the federation's system, making it clearer for FIBA to monitor and enforce any compliance issues.

Such a policy discourages clubs from circumventing sanctions by acquiring new players who may not be aware of the club's status or the implications of the sanction. In promoting responsible management and adherence to rules, FIBA seeks to maintain a level playing field among clubs while providing clarity and protection for players involved.