diff --git a/src/Microsoft.OpenApi.Workbench/MainModel.cs b/src/Microsoft.OpenApi.Workbench/MainModel.cs
index 34a44c026..f5c0b2768 100644
--- a/src/Microsoft.OpenApi.Workbench/MainModel.cs
+++ b/src/Microsoft.OpenApi.Workbench/MainModel.cs
@@ -236,7 +236,6 @@ internal async Task ParseDocumentAsync()
 
                 var settings = new OpenApiReaderSettings
                 {
-                    ReferenceResolution = ResolveExternal ? ReferenceResolutionSetting.ResolveAllReferences : ReferenceResolutionSetting.ResolveLocalReferences,
                     RuleSet = ValidationRuleSet.GetDefaultRuleSet()
                 };
                 if (ResolveExternal && !string.IsNullOrWhiteSpace(_inputFile))
diff --git a/src/Microsoft.OpenApi/Reader/OpenApiReaderSettings.cs b/src/Microsoft.OpenApi/Reader/OpenApiReaderSettings.cs
index 33f03eedb..c1a275009 100644
--- a/src/Microsoft.OpenApi/Reader/OpenApiReaderSettings.cs
+++ b/src/Microsoft.OpenApi/Reader/OpenApiReaderSettings.cs
@@ -11,36 +11,11 @@
 
 namespace Microsoft.OpenApi.Reader
 {
-    /// <summary>
-    /// Indicates if and when the reader should convert unresolved references into resolved objects
-    /// </summary>
-    public enum ReferenceResolutionSetting
-    {
-        /// <summary>
-        /// Create placeholder objects with an OpenApiReference instance and UnresolvedReference set to true.
-        /// </summary>
-        DoNotResolveReferences,
-        /// <summary>
-        /// Convert local references to references of valid domain objects.
-        /// </summary>
-        ResolveLocalReferences,
-        /// <summary>
-        /// ResolveAllReferences effectively means load external references. Will be removed in v2. External references are never "resolved".
-        /// </summary>
-        ResolveAllReferences
-    }
-
     /// <summary>
     /// Configuration settings to control how OpenAPI documents are parsed
     /// </summary>
     public class OpenApiReaderSettings
     {
-        /// <summary>
-        /// Indicates how references in the source document should be handled.
-        /// </summary>
-        /// <remarks>This setting will be going away in the next major version of this library.  Use GetEffective on model objects to get resolved references.</remarks>
-        public ReferenceResolutionSetting ReferenceResolution { get; set; } = ReferenceResolutionSetting.ResolveLocalReferences;
-
         /// <summary>
         /// When external references are found, load them into a shared workspace
         /// </summary>
diff --git a/test/Microsoft.OpenApi.Readers.Tests/V3Tests/OpenApiDocumentTests.cs b/test/Microsoft.OpenApi.Readers.Tests/V3Tests/OpenApiDocumentTests.cs
index ea287db5e..83daf329d 100644
--- a/test/Microsoft.OpenApi.Readers.Tests/V3Tests/OpenApiDocumentTests.cs
+++ b/test/Microsoft.OpenApi.Readers.Tests/V3Tests/OpenApiDocumentTests.cs
@@ -1134,12 +1134,7 @@ public async Task HeaderParameterShouldAllowExample()
         public async Task ParseDocumentWithReferencedSecuritySchemeWorks()
         {
             // Act
-            var settings = new OpenApiReaderSettings
-            {
-                ReferenceResolution = ReferenceResolutionSetting.ResolveLocalReferences
-            };
-
-            var result = await OpenApiDocument.LoadAsync(Path.Combine(SampleFolderPath, "docWithSecuritySchemeReference.yaml"), settings);
+            var result = await OpenApiDocument.LoadAsync(Path.Combine(SampleFolderPath, "docWithSecuritySchemeReference.yaml"));
             var securityScheme = result.Document.Components.SecuritySchemes["OAuth2"];
 
             // Assert
@@ -1153,11 +1148,7 @@ public async Task ParseDocumentWithJsonSchemaReferencesWorks()
             using var stream = Resources.GetStream(Path.Combine(SampleFolderPath, "docWithJsonSchema.yaml"));
 
             // Act
-            var settings = new OpenApiReaderSettings
-            {
-                ReferenceResolution = ReferenceResolutionSetting.ResolveLocalReferences
-            };
-            var result = await OpenApiDocument.LoadAsync(stream, OpenApiConstants.Yaml, settings);
+            var result = await OpenApiDocument.LoadAsync(stream, OpenApiConstants.Yaml);
 
             var actualSchema = result.Document.Paths["/users/{userId}"].Operations[OperationType.Get].Responses["200"].Content["application/json"].Schema;
 
@@ -1170,11 +1161,7 @@ public async Task ParseDocumentWithJsonSchemaReferencesWorks()
         public async Task ValidateExampleShouldNotHaveDataTypeMismatch()
         {
             // Act
-            var result = await OpenApiDocument.LoadAsync(Path.Combine(SampleFolderPath, "documentWithDateExampleInSchema.yaml"), new OpenApiReaderSettings
-            {
-                ReferenceResolution = ReferenceResolutionSetting.ResolveLocalReferences
-
-            });
+            var result = await OpenApiDocument.LoadAsync(Path.Combine(SampleFolderPath, "documentWithDateExampleInSchema.yaml"));
 
             // Assert
             var warnings = result.Diagnostic.Warnings;
diff --git a/test/Microsoft.OpenApi.Tests/PublicApi/PublicApi.approved.txt b/test/Microsoft.OpenApi.Tests/PublicApi/PublicApi.approved.txt
index c1fb18800..cd6b8a4fc 100644
--- a/test/Microsoft.OpenApi.Tests/PublicApi/PublicApi.approved.txt
+++ b/test/Microsoft.OpenApi.Tests/PublicApi/PublicApi.approved.txt
@@ -1500,7 +1500,6 @@ namespace Microsoft.OpenApi.Reader
         public System.Collections.Generic.Dictionary<string, System.Func<System.Text.Json.Nodes.JsonNode, Microsoft.OpenApi.OpenApiSpecVersion, Microsoft.OpenApi.Interfaces.IOpenApiExtension>> ExtensionParsers { get; set; }
         public bool LeaveStreamOpen { get; set; }
         public bool LoadExternalRefs { get; set; }
-        public Microsoft.OpenApi.Reader.ReferenceResolutionSetting ReferenceResolution { get; set; }
         public Microsoft.OpenApi.Validations.ValidationRuleSet RuleSet { get; set; }
         public void AddMicrosoftExtensionParsers() { }
     }
@@ -1535,12 +1534,6 @@ namespace Microsoft.OpenApi.Reader
         public Microsoft.OpenApi.Models.OpenApiDocument Document { get; set; }
         public void Deconstruct(out Microsoft.OpenApi.Models.OpenApiDocument document, out Microsoft.OpenApi.Reader.OpenApiDiagnostic diagnostic) { }
     }
-    public enum ReferenceResolutionSetting
-    {
-        DoNotResolveReferences = 0,
-        ResolveLocalReferences = 1,
-        ResolveAllReferences = 2,
-    }
 }
 namespace Microsoft.OpenApi.Reader.ParseNodes
 {