object manager question (bug?)

in previous versions, when i had multiple pages i could control where a new layer fell in the order of the master pages.

example: i have a master layer that has a watermark that goes on top.

before, i could put new art on a new layer on the second page and move that layer underneath the master layer with the watermark appearing on top.

now, as far as i can tell, all master layers are now considered to be on the bottom, and you cannot move/create a layer in between.

has a setting changed? what am i missing?

thx in advance, -handsome john