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I have registered my UBL serial number on User Based Software Licensing. From there, I obtain my activation code and then I installed and added my license in uVision. I have successfully activated my license, however when I compiled my application, I received this error saying that there is a license error.
Arm Compiler 5 (armcc.exe) does not support User Based Licenses. Please see the chapter Backward Compatibility:
https://developer.arm.com/documentation/102516/1-3/User-based-licensing-overview/Backwards-compatibility