"This card cannot be Special Summoned from the GY" is not an effect.
This effect targets 1 Spell Card in your GY.
If you have 3 or more Spellcaster-Type monsters in your GY, including "Ice Queen" after it is sent to the GY, you can activate the effect.
If "Ice Queen" is equipped to "Relinquished" while face-up and is destroyed and sent to the GY, you can activate the effect.