When must an Agent’s license be returned to FIBA?

An Agent's license must be returned to FIBA when the Agent decides to terminate activities. This is a crucial procedure that ensures that there is an accurate record of licensed agents within the federation. By returning the license, the Agent formally communicates to FIBA that they are no longer representing players or engaging in activities governed by the federation. This helps maintain the integrity of the sport and ensures that only active agents hold valid licenses, thus supporting a transparent and regulated environment in which player representation occurs.

In contrast, simply relocating does not necessitate the return of a license, as agents can continue their activities in a new location. Similarly, updates to regulations or the conclusion of a season do not require the return of a license unless the agent has intentionally chosen to stop their representation work. Therefore, the correct answer reflects the specific condition under which an agent must formally relinquish their license.