If you refer back to my document - where you found the explanation for P0705
you will see that it also lists "3 / 40 / Y", which means that the MIL ( Malfunction Indicator Light )
will extinguish after "3" No Fault starts, and the DTC will be erased from Memory after "40" No Fault starts.
( The "Y" is an indication that this DTC does illuminate the MIL when the fault is logged ).
In the Service Manual, none of the Pinpoint Tests for checking this fault make any reference
to the Traction Control system / light, and are only concerned with checking wiring integrity etc,
however I would not be surprised at the Traction Control system becoming disabled if,
for example, the ECM "sees" 1st Gear being selected and the bike travelling at 70 MPH !
The wiring checks and tests for this Fault Code are :
Checking the integrity of connections at the Main ECM - Pins B23 and B44,
and for any Short circuit between those Pins,
Checking for Continuity - between ECM Pin B23 and Gear Position Sensor Pin 1,
"Ground" and Gear Position Sensor Pin 2,
and ECM Pin B44 to Gear Position Sensor Pin 3.
After rectifying any faults found with the wiring in the above tests,
if the Fault is still present or recurs, it is recommended to replace the Gear Position Sensor.
The Gear Position Sensor is fairly easy to access - located behind the left Control Plate
and adjacent to the Gear Change input shaft :

I haven't had the need to take mine out, to see whether the internal components
might be serviceable, or could be cleaned etc.
The Gear Position Sensor is Part Number T1290660 and costs around £65.00.
"Is it safe to ride to a workshop ?" - No-one can definitively answer that question,
but after carrying out any of the above checks that you are able to,
I would certainly recommend a Dealer looking at it to check.
Hope this helps.
