diff --git a/Gems/ScriptCanvas/Code/Editor/Components/EditorScriptCanvasComponent.cpp b/Gems/ScriptCanvas/Code/Editor/Components/EditorScriptCanvasComponent.cpp
index 9209196873..ff1dd2e3a6 100644
--- a/Gems/ScriptCanvas/Code/Editor/Components/EditorScriptCanvasComponent.cpp
+++ b/Gems/ScriptCanvas/Code/Editor/Components/EditorScriptCanvasComponent.cpp
@@ -431,16 +431,6 @@ namespace ScriptCanvasEditor
         AzToolsFramework::ToolsApplicationNotificationBus::Broadcast(&AzToolsFramework::ToolsApplicationEvents::InvalidatePropertyDisplay, AzToolsFramework::Refresh_EntireTree_NewContent);
     }
 
-    void EditorScriptCanvasComponent::OnStartPlayInEditor()
-    {
-        ScriptCanvas::Execution::PerformanceStatisticsEBus::Broadcast(&ScriptCanvas::Execution::PerformanceStatisticsBus::ClearSnaphotStatistics);
-    }
-
-    void EditorScriptCanvasComponent::OnStopPlayInEditor()
-    {
-        AZ::ScriptSystemRequestBus::Broadcast(&AZ::ScriptSystemRequests::GarbageCollect);
-    }
-
     void EditorScriptCanvasComponent::SetAssetId(const SourceHandle& assetId)
     {
         if (m_sourceHandle.Describe() != assetId.Describe())
diff --git a/Gems/ScriptCanvas/Code/Editor/Include/ScriptCanvas/Components/EditorScriptCanvasComponent.h b/Gems/ScriptCanvas/Code/Editor/Include/ScriptCanvas/Components/EditorScriptCanvasComponent.h
index 52cf49070b..76514267a3 100644
--- a/Gems/ScriptCanvas/Code/Editor/Include/ScriptCanvas/Components/EditorScriptCanvasComponent.h
+++ b/Gems/ScriptCanvas/Code/Editor/Include/ScriptCanvas/Components/EditorScriptCanvasComponent.h
@@ -93,9 +93,7 @@ namespace ScriptCanvasEditor
 
         //=====================================================================
         // EditorEntityContextNotificationBus
-        void OnStartPlayInEditor() override;
-
-        void OnStopPlayInEditor() override;
+        
 
     protected:
         enum class SourceChangeDescription : AZ::u8
diff --git a/Gems/ScriptCanvas/Code/Editor/SystemComponent.cpp b/Gems/ScriptCanvas/Code/Editor/SystemComponent.cpp
index 0be2d564ee..f8424b60d9 100644
--- a/Gems/ScriptCanvas/Code/Editor/SystemComponent.cpp
+++ b/Gems/ScriptCanvas/Code/Editor/SystemComponent.cpp
@@ -34,6 +34,7 @@
 #include <ScriptCanvas/Core/Datum.h>
 #include <ScriptCanvas/Data/DataRegistry.h>
 #include <ScriptCanvas/Libraries/Libraries.h>
+#include <ScriptCanvas/PerformanceStatisticsBus.h>
 #include <ScriptCanvas/Variable/VariableCore.h>
 #include <ScriptCanvas/View/EditCtrls/GenericLineEditCtrl.h>
 
@@ -338,10 +339,20 @@ namespace ScriptCanvasEditor
                 }
             };
  
-            openers.push_back({ "O3DE_ScriptCanvasEditor", "Open In Script Canvas Editor...", QIcon(), scriptCanvasEditorCallback });
+            openers.push_back({ "O3DE_ScriptCanvasEditor", "Open In Script Canvas Editor...", QIcon(ScriptCanvasAssetDescription().GetIconPathImpl()), scriptCanvasEditorCallback });
          }
     }
 
+    void SystemComponent::OnStartPlayInEditor()
+    {
+        ScriptCanvas::Execution::PerformanceStatisticsEBus::Broadcast(&ScriptCanvas::Execution::PerformanceStatisticsBus::ClearSnaphotStatistics);
+    }
+
+    void SystemComponent::OnStopPlayInEditor()
+    {
+        AZ::ScriptSystemRequestBus::Broadcast(&AZ::ScriptSystemRequests::GarbageCollect);
+    }
+
     void SystemComponent::OnUserSettingsActivated()
     {
         PopulateEditorCreatableTypes();
diff --git a/Gems/ScriptCanvas/Code/Editor/SystemComponent.h b/Gems/ScriptCanvas/Code/Editor/SystemComponent.h
index 6f85b3c5a6..c2c42c5b9d 100644
--- a/Gems/ScriptCanvas/Code/Editor/SystemComponent.h
+++ b/Gems/ScriptCanvas/Code/Editor/SystemComponent.h
@@ -23,6 +23,7 @@
 #include <Editor/View/Windows/Tools/UpgradeTool/Model.h>
 #include <ScriptCanvas/Bus/ScriptCanvasBus.h>
 #include <ScriptCanvas/Bus/ScriptCanvasExecutionBus.h>
+#include <AzToolsFramework/Entity/EditorEntityContextBus.h>
 
 namespace ScriptCanvasEditor
 {
@@ -36,6 +37,8 @@ namespace ScriptCanvasEditor
         , private AZ::Data::AssetBus::MultiHandler
         , private AzToolsFramework::AssetSeedManagerRequests::Bus::Handler
         , private AzToolsFramework::EditorContextMenuBus::Handler
+        , private AzToolsFramework::EditorEntityContextNotificationBus::Handler
+
     {
     public:
         AZ_COMPONENT(SystemComponent, "{1DE7A120-4371-4009-82B5-8140CB1D7B31}");
@@ -97,7 +100,12 @@ namespace ScriptCanvasEditor
         ////////////////////////////////////////////////////////////////////////
 
         ////////////////////////////////////////////////////////////////////////
-        
+
+    protected:
+        void OnStartPlayInEditor() override;
+
+        void OnStopPlayInEditor() override;
+
     private:
         SystemComponent(const SystemComponent&) = delete;
 
diff --git a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Graph.cpp b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Graph.cpp
index 43d4e9496d..13f13e1448 100644
--- a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Graph.cpp
+++ b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Graph.cpp
@@ -84,6 +84,7 @@ namespace ScriptCanvas
             }
         }
 
+        
         return true;
     }
 
diff --git a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionInterpretedAPI.cpp b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionInterpretedAPI.cpp
index 1855b348f2..561708dea1 100644
--- a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionInterpretedAPI.cpp
+++ b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionInterpretedAPI.cpp
@@ -503,20 +503,21 @@ namespace ScriptCanvas
 
         void InitializeInterpretedStatics(RuntimeData& runtimeData)
         {
-            if (!runtimeData.m_areStaticsInitialized)
+            AZ_Error("ScriptCanvas", !runtimeData.m_areStaticsInitialized, "ScriptCanvas runtime data already initalized");
             {
                 runtimeData.m_areStaticsInitialized = true;
 
                 for (auto& dependency : runtimeData.m_requiredAssets)
                 {
-                    InitializeInterpretedStatics(dependency.Get()->GetData());
+                    if (!dependency.Get()->GetData().m_areStaticsInitialized)
+                    {
+                        InitializeInterpretedStatics(dependency.Get()->GetData());
+                    }
                 }
 
 #if defined(AZ_PROFILE_BUILD) || defined(AZ_DEBUG_BUILD)
                 Execution::InitializeFromLuaStackFunctions(const_cast<Grammar::DebugSymbolMap&>(runtimeData.m_debugMap));
 #endif
-                AZ_WarningOnce("ScriptCanvas", !runtimeData.m_areStaticsInitialized, "ScriptCanvas runtime data already initalized");
-
                 if (runtimeData.RequiresStaticInitialization())
                 {
                     AZ::ScriptLoadResult result{};
diff --git a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionStateInterpreted.cpp b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionStateInterpreted.cpp
index 3ae52846cd..3b963317ec 100644
--- a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionStateInterpreted.cpp
+++ b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Execution/Interpreted/ExecutionStateInterpreted.cpp
@@ -49,7 +49,10 @@ namespace ScriptCanvas
             , config.asset.GetId().ToString<AZStd::string>().data());
 #endif
 
-        Execution::InitializeInterpretedStatics(runtimeAsset->GetData());
+        if (!runtimeAsset->GetData().m_areStaticsInitialized)
+        {
+            Execution::InitializeInterpretedStatics(runtimeAsset->GetData());
+        }
     }
 
     void ExecutionStateInterpreted::ClearLuaRegistryIndex()