Display Transfer Function not applied correctly when switching Color Space from Gamma To Linear

Reproduction steps:
1. Create new 3D unity project (BRP or URP and probably HDRP)

2. Switch to Gamma

3. Switch Gfx API to Vulkan

4. Switch to Linear

Expected result: UI colors look normal as usual
Actual result: Resources get the display transfer function applied twice (or not applied at all) hence UI looks darker than usual

Reproducible with: 2023.1.0a25, 2023.1.0b4, 2023.2.0a5
Not reproducible with: 2020.3.45f1, 2021.3.20f1, 2022.2.8f1, 2023.1.0a24

 

Reproducible on Win10 RTX3070ti, Windows 10 AMD Radeon RX 6800 XT

Workaround: restart editor