Label colors in Premiere Pro 2025 not functioning as normal

If I have a piece of footage in multiple sequences, I want to change the label/color for all the sequences. Currently using PP 2025, if I change the label/color of footage it only updates in the sequence I'm working in. The other sequences do not update the label/color.

There used to be a checkbox in Premiere Pro settings saying something like "apply label colors across all instances" meaning if you make a clip a color, it will update to that label/color everywhere in your project.

It seems that functionality has been lost?

Thanks in advance.