The issuance license policy is not logged in the AD RMS logging database. To log issuance licenses in the AD RMS logging ...

The issuance license policy is not logged in the AD RMS logging database. To log issuance licenses in the AD RMS logging database, you must increase the logging level by setting the value of the LoggingLevel registry entry to 1 in the following registry key:
HKEY_LOCAL_MACHINE\System\CurrentControlSet\Services\ADRmsLoggingService\Params
and then restart AD RMS Logging Service.