diff --git a/dev/tests/unit/Magento/FunctionalTestFramework/Test/Objects/ActionObjectTest.php b/dev/tests/unit/Magento/FunctionalTestFramework/Test/Objects/ActionObjectTest.php
index 511c9748f..890083d51 100644
--- a/dev/tests/unit/Magento/FunctionalTestFramework/Test/Objects/ActionObjectTest.php
+++ b/dev/tests/unit/Magento/FunctionalTestFramework/Test/Objects/ActionObjectTest.php
@@ -24,6 +24,8 @@
  */
 class ActionObjectTest extends MagentoTestCase
 {
+    const STUB_PAGE_URL_WITH_NO_ATTRIBUTE = '{{PageObject}}/some/path';
+
     /**
      * Before test functionality
      * @return void
@@ -227,16 +229,17 @@ public function testResolveUrl()
     }
 
     /**
-     * {{PageObject}} should not be replaced and should elicit a warning in console
+     * {{PageObject}} should not be replaced and should throw an exception!
      *
      * @throws /Exception
      */
     public function testResolveUrlWithNoAttribute()
     {
-        // Set up mocks
+        // Given
         $actionObject = new ActionObject('merge123', 'amOnPage', [
-            'url' => '{{PageObject}}'
+            'url' => self::STUB_PAGE_URL_WITH_NO_ATTRIBUTE
         ]);
+
         $pageObject = new PageObject('PageObject', '/replacement/url.html', 'Test', [], false, "test");
         $pageObjectList = ["PageObject" => $pageObject];
         $instance = AspectMock::double(
@@ -245,20 +248,14 @@ public function testResolveUrlWithNoAttribute()
         )->make(); // bypass the private constructor
         AspectMock::double(PageObjectHandler::class, ['getInstance' => $instance]);
 
-        // Call the method under test
-        $actionObject->resolveReferences();
-
-        // Expect this warning to get generated
-        TestLoggingUtil::getInstance()->validateMockLogStatement(
-            "warning",
-            "page url attribute not found and is required",
-            ['action' => $actionObject->getType(), 'url' => '{{PageObject}}', 'stepKey' => $actionObject->getStepKey()]
-        );
-
-        // Verify
+        // Expect
+        $this->expectExceptionMessage('Can not resolve replacements: "{{PageObject}}"');
         $expected = [
-            'url' => '{{PageObject}}'
+            'url' => self::STUB_PAGE_URL_WITH_NO_ATTRIBUTE
         ];
+
+        // When
+        $actionObject->resolveReferences();
         $this->assertEquals($expected, $actionObject->getCustomActionAttributes());
     }
 
diff --git a/src/Magento/FunctionalTestingFramework/Test/Objects/ActionObject.php b/src/Magento/FunctionalTestingFramework/Test/Objects/ActionObject.php
index f377e2fac..4cc955270 100644
--- a/src/Magento/FunctionalTestingFramework/Test/Objects/ActionObject.php
+++ b/src/Magento/FunctionalTestingFramework/Test/Objects/ActionObject.php
@@ -76,6 +76,9 @@ class ActionObject
     const ACTION_ATTRIBUTE_USERINPUT = 'userInput';
     const ACTION_TYPE_COMMENT = 'comment';
     const INVISIBLE_STEP_ACTIONS = ['retrieveEntityField', 'getSecret'];
+    const REGEX_SINGLE_GROUP = '[\w]+';
+    const REGEX_WITH_INDEX = '[\w]+\.[\w\[\]]+';
+    const REGEX_WITH_PARAM = '[\w]+\.[\w]+\((?(?!}}).)+\)';
 
     /**
      * The unique identifier for the action
@@ -415,6 +418,14 @@ private function resolveUrlReference()
         $url = $this->actionAttributes[ActionObject::ACTION_ATTRIBUTE_URL];
 
         $replacement = $this->findAndReplaceReferences(PageObjectHandler::getInstance(), $url);
+
+        $missingReferences = $this->getMissingReferences($replacement);
+        if (!empty($missingReferences)) {
+            throw new TestReferenceException(
+                sprintf('Can not resolve replacements: "%s"', implode('", "', $missingReferences))
+            );
+        }
+
         if ($replacement) {
             $this->resolvedCustomAttributes[ActionObject::ACTION_ATTRIBUTE_URL] = $replacement;
             $allPages = PageObjectHandler::getInstance()->getAllObjects();
@@ -428,6 +439,27 @@ private function resolveUrlReference()
         }
     }
 
+    /**
+     * Returns array of missing references
+     *
+     * @param string $replacement
+     * @return array
+     */
+    private function getMissingReferences($replacement): array
+    {
+        $matchPatterns = [
+            self::REGEX_SINGLE_GROUP,
+            self::REGEX_WITH_INDEX,
+            self::REGEX_WITH_PARAM
+        ];
+
+        preg_match_all($this->getMustachePattern($matchPatterns), $replacement, $matches);
+
+        return array_filter($matches[1], function ($match) {
+            return !empty($match) && false === strpos($match, '_ENV.');
+        });
+    }
+
     /**
      * Look up the value for EntityDataObjectName.Key and set it as the corresponding attribute in the resolved custom
      * attributes.
@@ -521,10 +553,12 @@ private function stripAndReturnParameters($reference)
      */
     private function findAndReplaceReferences($objectHandler, $inputString)
     {
-        //look for parameter area, if so use different regex
-        $regex = ActionObject::ACTION_ATTRIBUTE_VARIABLE_REGEX_PATTERN;
+        $matchPatterns = [
+            self::REGEX_WITH_INDEX,
+            self::REGEX_WITH_PARAM
+        ];
 
-        preg_match_all($regex, $inputString, $matches);
+        preg_match_all($this->getMustachePattern($matchPatterns), $inputString, $matches);
 
         $outputString = $inputString;
 
@@ -722,7 +756,11 @@ private function resolveParameterization($isParameterized, $replacement, $match,
      */
     private function matchParameterReferences($reference, $parameters)
     {
-        preg_match_all('/{{[\w.]+}}/', $reference, $varMatches);
+        $matchPatterns = [
+            self::REGEX_SINGLE_GROUP
+        ];
+
+        preg_match_all($this->getMustachePattern($matchPatterns), $reference, $varMatches);
         $varMatches[0] = array_unique($varMatches[0]);
         $this->checkParameterCount($varMatches[0], $parameters, $reference);
 
@@ -793,6 +831,17 @@ private function checkParameterCount($matches, $parameters, $reference)
         }
     }
 
+    /**
+     * Returns Mustache regex pattern
+     *
+     * @param array|null $patterns
+     * @return string
+     */
+    private function getMustachePattern(array $patterns = []): string
+    {
+        return '/({{' .implode('}})|({{', $patterns).'}})/';
+    }
+
     /**
      * Returns array of deprecated usages in Action.
      *