Misinterpreting Rec. 709 Metadata as sRGB

Hey everyone, I’m running into an issue where Premiere Pro is misinterpreting a file with Rec. 709 metadata as sRGB. The file itself (received from the colorist) has the correct Rec. 709 color primaries and color space metadata (checked in VLC, Davinci Resolve), but when I import it into Premiere, it defaults to sRGB.

Has anyone else encountered this? Any idea why Premiere might be doing this. Manually setting the color space in the Interpret Footage dialog fixes it, but I’m wondering if there’s a deeper issue with sequence settings or a potential bug in Premiere, why Resolve and VLC can interpret it properly?

I’m using Premiere Pro 25.1.

Thanks in advance!