2123884 - IQ_UDF or IQ_IDA license error when running UDF - SAP IQ

When trying to use UDF functions on Simplex, failed to obtain an IQ_IDA / IQ_UDF license.

[Error]

Failed to obtain license(s) for IQ_UDF feature from license file(s) or server(s).                                                                                        
No such feature exists. Verify that a license containing the feature name IQ_UDF is available or generate and deploy the license from the Sybase Product Download Center.
License feature name:  IQ_UDF                                                                                                                                            
License search path:   /sybase/SYSAM-2_0/licenses/lic001.lic:                                                                                       
   /sybase/SYSAM-2_0/licenses/lic002.lic:/data2 -                                                                                                
   /sybase/IQDEV/*.lic                                                                                                                                                   
FLEXnet Licensing error:-5,357                                                                                                                                           
For further information, refer to the Sybase Software Asset Management website at http://www.sybase.com/sysam                                                            
Exception Thrown from dflib/df_UDFLicenseInfo.cxx:161, Err# 1087, tid 3 origtid 3                                                                                        
   O/S Err#: 0, ErrID: 9216 (df_Exception); SQLCode: -1001071, SQLState: 'QFA64', Severity: 14                                                                           
[20572]: No valid license found for user-defined function. Feature: IQ_UDF -- (dflib/df_UDFLicenseInfo.cxx 161)

SAP IQ 15.4, SAP IQ 16

KBA , BC-SYB-IQ , Sybase IQ , BW-SYS-DB-IQ , BW on HANA with Sybase IQ Near-line Storage , Problem