Which of the following statements is true about FIBA Foreign Player Licenses?

The statement that FIBA Foreign Player Licenses are valid only during specific competitions is true because these licenses are tied to the regulations of particular tournaments or leagues. Each competition may have its own rules regarding roster composition, including limits on the number of foreign players that can be registered. As such, a Foreign Player License is applicable within the context of the seasons or tournaments for which it was issued, and does not automatically provide indefinite validity.

In contrast, a player holding a national license must comply with the national federation's regulations, while having multiple licenses (especially foreign ones) at the same time can conflict with eligibility or roster rules set by the relevant competitions. Therefore, the specificity of the validity period highlights the importance of understanding the timing and context under which these licenses are used in the dynamic environment of international basketball competitions.