3687477 - "You do not have the necessary permission to export the object" on Download Template after Enabling Record-Level Permission Check on Import/Export

After enabling the feature "Enable Record-Level Permission Check on Import/Export" for a custom object, the system throws the error message: "You do not have the necessary permission to export the object .." even though you have the necessary import and export permissions

SAP SuccessFactors HCM Core

record-level permission check, custom object, export error, metadata framework, SAP SuccessFactors, import/export permissions, target population, picklist value error, RBP permissions, template download issue, 2H25, no permission, download template, MDF, custom object, PTCH-48735. , KBA , LOD-SF-MDF-IMP , Import and Export Issues , Known Error