diff --git a/src/Compiler/Driver/CompilerOptions.fs b/src/Compiler/Driver/CompilerOptions.fs
index 02c3306b2d..0881e8c917 100644
--- a/src/Compiler/Driver/CompilerOptions.fs
+++ b/src/Compiler/Driver/CompilerOptions.fs
@@ -581,7 +581,7 @@ let SetDeterministicSwitch (tcConfigB: TcConfigBuilder) switch =
 
 let SetReferenceAssemblyOnlySwitch (tcConfigB: TcConfigBuilder) switch =
     match tcConfigB.emitMetadataAssembly with
-    | MetadataAssemblyGeneration.None ->
+    | MetadataAssemblyGeneration.None when tcConfigB.standalone = false && tcConfigB.extraStaticLinkRoots.IsEmpty ->
         tcConfigB.emitMetadataAssembly <-
             if (switch = OptionSwitch.On) then
                 MetadataAssemblyGeneration.ReferenceOnly
@@ -591,7 +591,7 @@ let SetReferenceAssemblyOnlySwitch (tcConfigB: TcConfigBuilder) switch =
 
 let SetReferenceAssemblyOutSwitch (tcConfigB: TcConfigBuilder) outputPath =
     match tcConfigB.emitMetadataAssembly with
-    | MetadataAssemblyGeneration.None ->
+    | MetadataAssemblyGeneration.None when tcConfigB.standalone = false && tcConfigB.extraStaticLinkRoots.IsEmpty ->
         if FileSystem.IsInvalidPathShim outputPath then
             error (Error(FSComp.SR.optsInvalidRefOut (), rangeCmdArgs))
         else
@@ -1304,9 +1304,12 @@ let advancedFlagsFsc tcConfigB =
             "standalone",
             tagNone,
             OptionUnit(fun _ ->
-                tcConfigB.openDebugInformationForLaterStaticLinking <- true
-                tcConfigB.standalone <- true
-                tcConfigB.implicitlyResolveAssemblies <- true),
+                match tcConfigB.emitMetadataAssembly with
+                | MetadataAssemblyGeneration.None ->
+                    tcConfigB.openDebugInformationForLaterStaticLinking <- true
+                    tcConfigB.standalone <- true
+                    tcConfigB.implicitlyResolveAssemblies <- true
+                | _ -> error (Error(FSComp.SR.optsInvalidRefAssembly (), rangeCmdArgs))),
             None,
             Some(FSComp.SR.optsStandalone ())
         )
@@ -1315,8 +1318,11 @@ let advancedFlagsFsc tcConfigB =
             "staticlink",
             tagFile,
             OptionString(fun s ->
-                tcConfigB.extraStaticLinkRoots <- tcConfigB.extraStaticLinkRoots @ [ s ]
-                tcConfigB.implicitlyResolveAssemblies <- true),
+                match tcConfigB.emitMetadataAssembly with
+                | MetadataAssemblyGeneration.None ->
+                    tcConfigB.extraStaticLinkRoots <- tcConfigB.extraStaticLinkRoots @ [ s ]
+                    tcConfigB.implicitlyResolveAssemblies <- true
+                | _ -> error (Error(FSComp.SR.optsInvalidRefAssembly (), rangeCmdArgs))),
             None,
             Some(FSComp.SR.optsStaticlink ())
         )
diff --git a/src/Compiler/Driver/StaticLinking.fs b/src/Compiler/Driver/StaticLinking.fs
index 5ad9ff15f4..17bc488276 100644
--- a/src/Compiler/Driver/StaticLinking.fs
+++ b/src/Compiler/Driver/StaticLinking.fs
@@ -514,10 +514,6 @@ let StaticLink (ctok, tcConfig: TcConfig, tcImports: TcImports, ilGlobals: ILGlo
         id
     else
         (fun ilxMainModule ->
-            match tcConfig.emitMetadataAssembly with
-            | MetadataAssemblyGeneration.None -> ()
-            | _ -> error (Error(FSComp.SR.optsInvalidRefAssembly (), rangeCmdArgs))
-
             ReportTime tcConfig "Find assembly references"
 
             let dependentILModules =
diff --git a/src/Compiler/FSComp.txt b/src/Compiler/FSComp.txt
index 2fca7afeb6..1c3623d2a1 100644
--- a/src/Compiler/FSComp.txt
+++ b/src/Compiler/FSComp.txt
@@ -1165,7 +1165,7 @@ fscTooManyErrors,"Exiting - too many errors"
 2025,fscAssemblyWildcardAndDeterminism,"An %s specified version '%s', but this value is a wildcard, and you have requested a deterministic build, these are in conflict."
 2028,optsInvalidPathMapFormat,"Invalid path map. Mappings must be comma separated and of the format 'path=sourcePath'"
 2029,optsInvalidRefOut,"Invalid reference assembly path'"
-2030,optsInvalidRefAssembly,"Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together."
+2030,optsInvalidRefAssembly,"Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'."
 3000,etIllegalCharactersInNamespaceName,"Character '%s' is not allowed in provided namespace name '%s'"
 3001,etNullOrEmptyMemberName,"The provided type '%s' returned a member with a null or empty member name"
 3002,etNullMember,"The provided type '%s' returned a null member"
diff --git a/src/Compiler/xlf/FSComp.txt.cs.xlf b/src/Compiler/xlf/FSComp.txt.cs.xlf
index 9f1b557acb..80a628d759 100644
--- a/src/Compiler/xlf/FSComp.txt.cs.xlf
+++ b/src/Compiler/xlf/FSComp.txt.cs.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Neplatné použití generování referenčního sestavení, nepoužívejte --staticlink ani --refonly a --refout společně.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Neplatné použití generování referenčního sestavení, nepoužívejte --staticlink ani --refonly a --refout společně.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.de.xlf b/src/Compiler/xlf/FSComp.txt.de.xlf
index fad70824e3..595eedd84a 100644
--- a/src/Compiler/xlf/FSComp.txt.de.xlf
+++ b/src/Compiler/xlf/FSComp.txt.de.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Ungültige Verwendung der Ausgabe einer Referenzassembly. Verwenden Sie nicht "--staticlink" oder "--refonly" und "--refout" zusammen.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Ungültige Verwendung der Ausgabe einer Referenzassembly. Verwenden Sie nicht "--staticlink" oder "--refonly" und "--refout" zusammen.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.es.xlf b/src/Compiler/xlf/FSComp.txt.es.xlf
index 5402a968af..3e2407c154 100644
--- a/src/Compiler/xlf/FSComp.txt.es.xlf
+++ b/src/Compiler/xlf/FSComp.txt.es.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Uso no válido de emitir un ensamblado de referencia, no use "--staticlink', or '--refonly' and '--refout" de forma conjunta.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Uso no válido de emitir un ensamblado de referencia, no use "--staticlink', or '--refonly' and '--refout" de forma conjunta.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.fr.xlf b/src/Compiler/xlf/FSComp.txt.fr.xlf
index aadf83ade0..54cad306cd 100644
--- a/src/Compiler/xlf/FSComp.txt.fr.xlf
+++ b/src/Compiler/xlf/FSComp.txt.fr.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Utilisation non valide de l’émission d’un assembly de référence. N’utilisez pas '--staticlink' ni '--refonly' et '--refout' ensemble.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Utilisation non valide de l’émission d’un assembly de référence. N’utilisez pas '--staticlink' ni '--refonly' et '--refout' ensemble.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.it.xlf b/src/Compiler/xlf/FSComp.txt.it.xlf
index 8b681eb4a1..007dc9646b 100644
--- a/src/Compiler/xlf/FSComp.txt.it.xlf
+++ b/src/Compiler/xlf/FSComp.txt.it.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Utilizzo non valido della creazione di un assembly di riferimento. Non usare insieme '--staticlink' o '--refonly' e '--refout'.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Utilizzo non valido della creazione di un assembly di riferimento. Non usare insieme '--staticlink' o '--refonly' e '--refout'.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.ja.xlf b/src/Compiler/xlf/FSComp.txt.ja.xlf
index 4b6c944481..3d5ed3c9da 100644
--- a/src/Compiler/xlf/FSComp.txt.ja.xlf
+++ b/src/Compiler/xlf/FSComp.txt.ja.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">参照アセンブリの生成の使用が無効です。'--staticlink'、または '--refonly' と '--refout' を同時に使用しないでください。</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">参照アセンブリの生成の使用が無効です。'--staticlink'、または '--refonly' と '--refout' を同時に使用しないでください。</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.ko.xlf b/src/Compiler/xlf/FSComp.txt.ko.xlf
index 40973f9e1a..40bbf8e988 100644
--- a/src/Compiler/xlf/FSComp.txt.ko.xlf
+++ b/src/Compiler/xlf/FSComp.txt.ko.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">참조 어셈블리 내보내기를 잘못 사용했습니다. '--staticlink' 또는 '--refonly' 및 '--refout'을 함께 사용하지 마세요.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">참조 어셈블리 내보내기를 잘못 사용했습니다. '--staticlink' 또는 '--refonly' 및 '--refout'을 함께 사용하지 마세요.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.pl.xlf b/src/Compiler/xlf/FSComp.txt.pl.xlf
index 9b4b9dab2e..136d0b7f29 100644
--- a/src/Compiler/xlf/FSComp.txt.pl.xlf
+++ b/src/Compiler/xlf/FSComp.txt.pl.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Nieprawidłowe użycie emitowania zestawu odwołania, nie używaj razem elementów „--staticlink” ani „--refonly” i „--refout”.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Nieprawidłowe użycie emitowania zestawu odwołania, nie używaj razem elementów „--staticlink” ani „--refonly” i „--refout”.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.pt-BR.xlf b/src/Compiler/xlf/FSComp.txt.pt-BR.xlf
index 3307d01761..7bd9a3a800 100644
--- a/src/Compiler/xlf/FSComp.txt.pt-BR.xlf
+++ b/src/Compiler/xlf/FSComp.txt.pt-BR.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Uso inválido de emitir um assembly de referência, não use '--staticlink' ou '--reutilly' e '--refout' juntos.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Uso inválido de emitir um assembly de referência, não use '--staticlink' ou '--reutilly' e '--refout' juntos.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.ru.xlf b/src/Compiler/xlf/FSComp.txt.ru.xlf
index d9de5f772a..9fd17e474e 100644
--- a/src/Compiler/xlf/FSComp.txt.ru.xlf
+++ b/src/Compiler/xlf/FSComp.txt.ru.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Недопустимое использование при создании базовой сборки. Не используйте "--staticlink" или "--refonly" и "--refout" вместе.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Недопустимое использование при создании базовой сборки. Не используйте "--staticlink" или "--refonly" и "--refout" вместе.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.tr.xlf b/src/Compiler/xlf/FSComp.txt.tr.xlf
index 3cd9f827dc..467e88ffe7 100644
--- a/src/Compiler/xlf/FSComp.txt.tr.xlf
+++ b/src/Compiler/xlf/FSComp.txt.tr.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">Başvuru bütünleştirilmiş kodunun oluşturulması için geçersiz kullanım: '--staticlink' veya '--refonly' ile '--refout' birlikte kullanılmaz.</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">Başvuru bütünleştirilmiş kodunun oluşturulması için geçersiz kullanım: '--staticlink' veya '--refonly' ile '--refout' birlikte kullanılmaz.</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.zh-Hans.xlf b/src/Compiler/xlf/FSComp.txt.zh-Hans.xlf
index d733d0c103..de4213c22d 100644
--- a/src/Compiler/xlf/FSComp.txt.zh-Hans.xlf
+++ b/src/Compiler/xlf/FSComp.txt.zh-Hans.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">发出引用程序集的使用无效，请勿同时使用“--staticlink”或“--refonly”和“--refout”。</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">发出引用程序集的使用无效，请勿同时使用“--staticlink”或“--refonly”和“--refout”。</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/src/Compiler/xlf/FSComp.txt.zh-Hant.xlf b/src/Compiler/xlf/FSComp.txt.zh-Hant.xlf
index 1d7aec7be9..d104380d61 100644
--- a/src/Compiler/xlf/FSComp.txt.zh-Hant.xlf
+++ b/src/Compiler/xlf/FSComp.txt.zh-Hant.xlf
@@ -538,8 +538,8 @@
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefAssembly">
-        <source>Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.</source>
-        <target state="translated">發出參考組件的使用無效，請勿同時使用 '--staticlink' 或 '--refonly' 和 '--refout'。</target>
+        <source>Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.</source>
+        <target state="needs-review-translation">發出參考組件的使用無效，請勿同時使用 '--staticlink' 或 '--refonly' 和 '--refout'。</target>
         <note />
       </trans-unit>
       <trans-unit id="optsInvalidRefOut">
diff --git a/tests/EndToEndBuildTests/BasicProvider/BasicProvider.DesignTime/BasicProvider.DesignTime.fsproj b/tests/EndToEndBuildTests/BasicProvider/BasicProvider.DesignTime/BasicProvider.DesignTime.fsproj
index 95f3929fd8..ab0d33bd42 100644
--- a/tests/EndToEndBuildTests/BasicProvider/BasicProvider.DesignTime/BasicProvider.DesignTime.fsproj
+++ b/tests/EndToEndBuildTests/BasicProvider/BasicProvider.DesignTime/BasicProvider.DesignTime.fsproj
@@ -7,7 +7,6 @@
     <DefineConstants>NO_GENERATIVE</DefineConstants>
     <DefineConstants>IS_DESIGNTIME</DefineConstants>
     <FSharpCoreImplicitPackageVersion>$(FSharpCoreShippedPackageVersionValue)</FSharpCoreImplicitPackageVersion>
-    <ProduceReferenceAssembly>false</ProduceReferenceAssembly>
   </PropertyGroup>
 
   <ItemGroup>
diff --git a/tests/EndToEndBuildTests/BasicProvider/BasicProvider.Tests/BasicProvider.Tests.fsproj b/tests/EndToEndBuildTests/BasicProvider/BasicProvider.Tests/BasicProvider.Tests.fsproj
index b90ea4de6f..c157669ba0 100644
--- a/tests/EndToEndBuildTests/BasicProvider/BasicProvider.Tests/BasicProvider.Tests.fsproj
+++ b/tests/EndToEndBuildTests/BasicProvider/BasicProvider.Tests/BasicProvider.Tests.fsproj
@@ -7,7 +7,6 @@
     <IsPackable>false</IsPackable>
     <DefineConstants>NO_GENERATIVE</DefineConstants>
     <FSharpCoreImplicitPackageVersion>$(FSharpCoreShippedPackageVersionValue)</FSharpCoreImplicitPackageVersion>
-    <ProduceReferenceAssembly>false</ProduceReferenceAssembly>
   </PropertyGroup>
 
   <ItemGroup>
diff --git a/tests/EndToEndBuildTests/BasicProvider/BasicProvider/BasicProvider.fsproj b/tests/EndToEndBuildTests/BasicProvider/BasicProvider/BasicProvider.fsproj
index 6a00d20357..6dc2609483 100644
--- a/tests/EndToEndBuildTests/BasicProvider/BasicProvider/BasicProvider.fsproj
+++ b/tests/EndToEndBuildTests/BasicProvider/BasicProvider/BasicProvider.fsproj
@@ -7,7 +7,6 @@
     <FSharpCoreImplicitPackageVersion>$(FSharpCoreShippedPackageVersionValue)</FSharpCoreImplicitPackageVersion>
     <PackagePath>typeproviders</PackagePath>
     <NoWarn>$(NoWarn);NU5100;NU5118</NoWarn>
-    <ProduceReferenceAssembly>false</ProduceReferenceAssembly>
   </PropertyGroup>
 
   <ItemGroup>
diff --git a/tests/FSharp.Compiler.ComponentTests/CompilerOptions/fsc/refonlyrefout.fs b/tests/FSharp.Compiler.ComponentTests/CompilerOptions/fsc/refonlyrefout.fs
new file mode 100644
index 0000000000..e4d576f894
--- /dev/null
+++ b/tests/FSharp.Compiler.ComponentTests/CompilerOptions/fsc/refonlyrefout.fs
@@ -0,0 +1,107 @@
+// Copyright (c) Microsoft Corporation.  All Rights Reserved.  See License.txt in the project root for license information.
+
+namespace FSharp.Compiler.ComponentTests.CompilerOptions
+
+open Xunit
+open FSharp.Test
+open FSharp.Test.Compiler
+
+module RefOnlyRefOut =
+
+    // Test refout/refonly alongside standalone
+    [<Fact>]
+    let ``fsc --refonly --standalone``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--refonly"; "--standalone"]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
+
+    [<Fact>]
+    let ``fsc --standalone --refonly ``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--standalone"; "--refonly"]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
+
+    [<Fact>]
+    let ``fsc --refout:. --standalone``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--refout:."; "--standalone"]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
+
+    [<Fact>]
+    let ``fsc --standalone --refout:.``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--standalone"; "--refout:."]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
+
+    // Test refout/refonly alongside staticlink
+    [<Fact>]
+    let ``fsc --refonly --staticlink:.``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--refonly"; "--staticlink:."]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
+
+    [<Fact>]
+    let ``fsc --staticlink:. --refonly ``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--staticlink:."; "--refonly"]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
+
+    [<Fact>]
+    let ``fsc --refout:. --staticlink:.``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--refout:."; "--staticlink:."]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
+
+    [<Fact>]
+    let ``fsc --staticlink:. --refout:.``() =
+        FSharp """
+        """
+        |> asExe
+        |> withOptions ["--staticlink:."; "--refout:."]
+        |> compile
+        |> shouldFail
+        |> withDiagnostics [
+            (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--standalone or --staticlink' with '--refonly or --refout'.")
+        ]
diff --git a/tests/FSharp.Compiler.ComponentTests/FSharp.Compiler.ComponentTests.fsproj b/tests/FSharp.Compiler.ComponentTests/FSharp.Compiler.ComponentTests.fsproj
index 91555d0106..c5dc63107f 100644
--- a/tests/FSharp.Compiler.ComponentTests/FSharp.Compiler.ComponentTests.fsproj
+++ b/tests/FSharp.Compiler.ComponentTests/FSharp.Compiler.ComponentTests.fsproj
@@ -196,6 +196,7 @@
     <Compile Include="CompilerOptions\fsc\warnon\warnon.fs" />
     <Compile Include="CompilerOptions\fsc\reference.fs" />
     <Compile Include="CompilerOptions\fsc\reflectionfree.fs" />
+    <Compile Include="CompilerOptions\fsc\refonlyrefout.fs" />
     <Compile Include="Debugger\PortablePdbs.fs" />
     <Compile Include="Diagnostics\async.fs" />
     <Compile Include="Diagnostics\General.fs" />
diff --git a/tests/fsharp/Compiler/CodeGen/EmittedIL/ReferenceAssemblyTests.fs b/tests/fsharp/Compiler/CodeGen/EmittedIL/ReferenceAssemblyTests.fs
index 9020c5d85e..0a3acccc85 100644
--- a/tests/fsharp/Compiler/CodeGen/EmittedIL/ReferenceAssemblyTests.fs
+++ b/tests/fsharp/Compiler/CodeGen/EmittedIL/ReferenceAssemblyTests.fs
@@ -393,44 +393,6 @@ let test() =
     }"""
         ]
 
-    [<Test>]
-    let ``Can't use both --refonly and --staticlink``() =
-        let src =
-            """
-module ReferenceAssembly
-
-open System
-
-let test() =
-    Console.WriteLine("Hello World!")
-            """
-
-        FSharp src
-        |> withOptions ["--staticlink:foo"; "--refonly"]
-        |> compile
-        |> shouldFail
-        |> withSingleDiagnostic (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.")
-        |> ignore
-
-    [<Test>]
-    let ``Can't use both --refoout and --staticlink``() =
-        let src =
-            """
-module ReferenceAssembly
-
-open System
-
-let test() =
-    Console.WriteLine("Hello World!")
-            """
-
-        FSharp src
-        |> withOptions ["--staticlink:foo"; "--refout:foo"]
-        |> compile
-        |> shouldFail
-        |> withSingleDiagnostic (Error 2030, Line 0, Col 1, Line 0, Col 1, "Invalid use of emitting a reference assembly, do not use '--staticlink', or '--refonly' and '--refout' together.")
-        |> ignore
-
     [<Test>]
     let ``Internal DU type doesn't generate any properties/methods without IVT`` () =
         FSharp """