^^ internally next to the pump inside the block is the OP relief valve. When the oil is cold and thick thus unable to push through the gallies, bearings, orifices, the internal over pressure relief may activate dumping some of the pumps oil right back into the pan. Same is true of high RPM.
From the o7 service manual it has this which shows what the pump must be capable of at a given RPM.
Oil pressure 240 kPa at 6,600 r/min
(2.4 kg/cm² at 6,600 r/min)
(2.4 bar at 6,600 r/min)
(34.1 psi at 6,600 r/min)
HERE is the info on the bypass filter recommendation by Yamaha and the engines internal over pressure relief.
Bypass valve opening pressure 80–120 kPa (11.6–17.4 psi). <internal to Filter.
Relief valve operating pressure 450.0–550.0 kPa (65.3–79.8 psi).
Of course it depends on the health of the engine, but rotary pumps (Trochoid) such as this tend to double the pressure when RPM is doubled so i potential that the engine is in dumping via the Relief valve over 10 - 12k but I'll never know until I put a pressure gauge on it!
Bottom line, A Yamaha APPROVED filter goes into by-pass if the pressure difference inside to outside of filter element is greater than 11.6–17.4 psi. What sucks about this is that during by-pass mode the debris trapped in the OUTER PLEATS of the filter have a direct path right back into the main galley of the engines oiling system. Only high end well designed filters prevent this.
EDIT: the Over Pressure relief is prevent stalling the oil pump and breaking it or the drive mechanism. Remember - fluids do not compress well and if it can't pump it, something has to give. better to dump it than break the chain or drive shaft.