diff --git a/aptos-move/aptos-vm/src/aptos_vm.rs b/aptos-move/aptos-vm/src/aptos_vm.rs
index 53215a698e364..9e71e607eef7e 100644
--- a/aptos-move/aptos-vm/src/aptos_vm.rs
+++ b/aptos-move/aptos-vm/src/aptos_vm.rs
@@ -726,32 +726,30 @@ impl AptosVM {
 
         let func = session.load_script(script.code(), script.ty_args())?;
 
+        let compiled_script = match CompiledScript::deserialize_with_config(
+            script.code(),
+            self.deserializer_config(),
+        ) {
+            Ok(script) => script,
+            Err(err) => {
+                let msg = format!("[VM] deserializer for script returned error: {:?}", err);
+                let partial_err = PartialVMError::new(StatusCode::CODE_DESERIALIZATION_ERROR)
+                    .with_message(msg)
+                    .finish(Location::Script);
+                return Err(partial_err.into_vm_status());
+            },
+        };
+
         // Check that unstable bytecode cannot be executed on mainnet
         if self
             .features()
             .is_enabled(FeatureFlag::REJECT_UNSTABLE_BYTECODE_FOR_SCRIPT)
         {
-            let script = match CompiledScript::deserialize_with_config(
-                script.code(),
-                self.deserializer_config(),
-            ) {
-                Ok(script) => script,
-                Err(err) => {
-                    let msg = format!("[VM] deserializer for script returned error: {:?}", err);
-                    return Err(VMStatus::error(
-                        StatusCode::CODE_DESERIALIZATION_ERROR,
-                        Some(msg),
-                    ));
-                },
-            };
-            self.reject_unstable_bytecode_for_script(&script)?;
+            self.reject_unstable_bytecode_for_script(&compiled_script)?;
         }
 
         // TODO(Gerardo): consolidate the extended validation to verifier.
-        verifier::event_validation::verify_no_event_emission_in_script(
-            script.code(),
-            self.deserializer_config(),
-        )?;
+        verifier::event_validation::verify_no_event_emission_in_compiled_script(&compiled_script)?;
 
         let args = verifier::transaction_arg_validation::validate_combine_signer_and_txn_args(
             session,
@@ -1641,7 +1639,7 @@ impl AptosVM {
                 if metadata.unstable {
                     return Err(PartialVMError::new(StatusCode::UNSTABLE_BYTECODE_REJECTED)
                         .with_message("script marked unstable cannot be run on mainnet".to_string())
-                        .finish(Location::Undefined));
+                        .finish(Location::Script));
                 }
             }
         }
diff --git a/aptos-move/aptos-vm/src/verifier/event_validation.rs b/aptos-move/aptos-vm/src/verifier/event_validation.rs
index 6b1e2fb1e10e8..761a94bb2652d 100644
--- a/aptos-move/aptos-vm/src/verifier/event_validation.rs
+++ b/aptos-move/aptos-vm/src/verifier/event_validation.rs
@@ -5,7 +5,6 @@ use crate::move_vm_ext::SessionExt;
 use aptos_framework::RuntimeModuleMetadataV1;
 use move_binary_format::{
     access::{ModuleAccess, ScriptAccess},
-    deserializer::DeserializerConfig,
     errors::{Location, PartialVMError, VMError, VMResult},
     file_format::{
         Bytecode, CompiledScript,
@@ -151,19 +150,7 @@ pub(crate) fn extract_event_metadata(
     Ok(event_structs)
 }
 
-pub(crate) fn verify_no_event_emission_in_script(
-    script_code: &[u8],
-    config: &DeserializerConfig,
-) -> VMResult<()> {
-    let script = match CompiledScript::deserialize_with_config(script_code, config) {
-        Ok(script) => script,
-        Err(err) => {
-            let msg = format!("[VM] deserializer for script returned error: {:?}", err);
-            return Err(PartialVMError::new(StatusCode::CODE_DESERIALIZATION_ERROR)
-                .with_message(msg)
-                .finish(Location::Script));
-        },
-    };
+pub(crate) fn verify_no_event_emission_in_compiled_script(script: &CompiledScript) -> VMResult<()> {
     for bc in &script.code().code {
         if let Bytecode::CallGeneric(index) = bc {
             let func_instantiation = &script.function_instantiation_at(*index);