To run a Handler's instance it is required to have a license file. When the instance is not able to find a valid license it throws an exception at the initialization stage.
OnixS::B3::MarketData::UMDF::HandlerSettings contains OnixS::B3::MarketData::UMDF::HandlerSettings::licenseDirectory member which contains the path to the directory containing license file(s). If its value is empty the Handler looks for the license file in the current directory.