diff --git a/lib/macro/macro-action-loop.cpp b/lib/macro/macro-action-loop.cpp
index 4274e81a..f6980916 100644
--- a/lib/macro/macro-action-loop.cpp
+++ b/lib/macro/macro-action-loop.cpp
@@ -13,6 +13,12 @@ bool MacroActionLoop::_registered = MacroActionFactory::Register(
 	{MacroActionLoop::Create, MacroActionLoopEdit::Create,
 	 "AdvSceneSwitcher.action.loop"});
 
+MacroActionLoop::MacroActionLoop(Macro *m)
+	: MacroAction(m),
+	  _loopMacro(Macro::CreateNested())
+{
+}
+
 bool MacroActionLoop::PerformAction()
 {
 	int iterations = 0;
@@ -71,7 +77,7 @@ bool MacroActionLoop::Load(obs_data_t *obj)
 	if (obs_data_has_user_value(obj, "loopMacro")) {
 		OBSDataAutoRelease loopMacroData =
 			obs_data_get_obj(obj, "loopMacro");
-		_loopMacro = std::make_shared<Macro>();
+		_loopMacro = Macro::CreateNested();
 		_loopMacro->Load(loopMacroData);
 	}
 	_customWidgetHeight = obs_data_get_int(obj, "customWidgetHeight");
@@ -99,7 +105,7 @@ std::shared_ptr<MacroAction> MacroActionLoop::Copy() const
 	OBSDataAutoRelease data = obs_data_create();
 	_loopMacro->Save(data);
 
-	copy->_loopMacro = std::make_shared<Macro>();
+	copy->_loopMacro = Macro::CreateNested();
 	copy->_loopMacro->Load(data);
 	copy->_loopMacro->PostLoad();
 
diff --git a/lib/macro/macro-action-loop.hpp b/lib/macro/macro-action-loop.hpp
index 11b64054..c540b05d 100644
--- a/lib/macro/macro-action-loop.hpp
+++ b/lib/macro/macro-action-loop.hpp
@@ -11,7 +11,7 @@ namespace advss {
 
 class MacroActionLoop : public MacroAction {
 public:
-	MacroActionLoop(Macro *m) : MacroAction(m) {}
+	MacroActionLoop(Macro *m);
 	bool PerformAction();
 	void LogAction() const;
 	bool Save(obs_data_t *obj) const;
@@ -22,7 +22,7 @@ public:
 	std::shared_ptr<MacroAction> Copy() const;
 	void ResolveVariablesToFixedValues();
 
-	std::shared_ptr<Macro> _loopMacro = std::make_shared<Macro>();
+	std::shared_ptr<Macro> _loopMacro;
 	IntVariable _maxIterations = 100;
 	int _customWidgetHeight = 0;
 
diff --git a/lib/macro/macro-action-macro.cpp b/lib/macro/macro-action-macro.cpp
index 0ee65fa7..45f93e12 100644
--- a/lib/macro/macro-action-macro.cpp
+++ b/lib/macro/macro-action-macro.cpp
@@ -18,6 +18,13 @@ bool MacroActionMacro::_registered = MacroActionFactory::Register(
 	{MacroActionMacro::Create, MacroActionMacroEdit::Create,
 	 "AdvSceneSwitcher.action.macro"});
 
+MacroActionMacro::MacroActionMacro(Macro *m)
+	: MacroAction(m),
+	  MacroRefAction(m),
+	  _nestedMacro(Macro::CreateNested())
+{
+}
+
 void MacroActionMacro::AdjustActionState(Macro *macro) const
 {
 	const auto &macroActions = _useElseSection ? macro->ElseActions()
@@ -266,7 +273,7 @@ bool MacroActionMacro::Load(obs_data_t *obj)
 	if (obs_data_has_user_value(obj, "nestedMacro")) {
 		OBSDataAutoRelease nestedMacroData =
 			obs_data_get_obj(obj, "nestedMacro");
-		_nestedMacro = std::make_shared<Macro>();
+		_nestedMacro = Macro::CreateNested();
 		_nestedMacro->Load(nestedMacroData);
 	}
 
@@ -303,7 +310,7 @@ std::shared_ptr<MacroAction> MacroActionMacro::Copy() const
 	OBSDataAutoRelease data = obs_data_create();
 	_nestedMacro->Save(data);
 
-	copy->_nestedMacro = std::make_shared<Macro>();
+	copy->_nestedMacro = Macro::CreateNested();
 	copy->_nestedMacro->Load(data);
 	copy->_nestedMacro->PostLoad();
 
diff --git a/lib/macro/macro-action-macro.hpp b/lib/macro/macro-action-macro.hpp
index 057b8ab4..32651b5a 100644
--- a/lib/macro/macro-action-macro.hpp
+++ b/lib/macro/macro-action-macro.hpp
@@ -17,7 +17,7 @@ namespace advss {
 
 class MacroActionMacro final : public MacroRefAction {
 public:
-	MacroActionMacro(Macro *m) : MacroAction(m), MacroRefAction(m) {}
+	MacroActionMacro(Macro *m);
 	bool PerformAction();
 	void LogAction() const;
 	bool Save(obs_data_t *obj) const;
@@ -73,7 +73,7 @@ public:
 	std::string _actionId;
 	RegexConfig _regex;
 	RunOptions _runOptions = {};
-	std::shared_ptr<Macro> _nestedMacro = std::make_shared<Macro>();
+	std::shared_ptr<Macro> _nestedMacro;
 	int _customWidgetHeight = 0;
 
 private:
diff --git a/lib/macro/macro.cpp b/lib/macro/macro.cpp
index cde7a113..d5f60320 100644
--- a/lib/macro/macro.cpp
+++ b/lib/macro/macro.cpp
@@ -797,6 +797,14 @@ std::shared_ptr<Macro> Macro::Parent() const
 	return _parent.lock();
 }
 
+std::shared_ptr<Macro> Macro::CreateNested()
+{
+	auto macro = std::make_shared<Macro>();
+	macro->_isNested = true;
+	macro->_registerHotkeys = false;
+	return macro;
+}
+
 void Macro::SetNestedParentMacro(Macro *parent)
 {
 	_nestedParentMacro = parent;
@@ -934,20 +942,12 @@ bool Macro::Load(obs_data_t *obj)
 			"macroElseActionSplitterPosition");
 
 	obs_data_set_default_bool(obj, "registerHotkeys", true);
-	_registerHotkeys = obs_data_get_bool(obj, "registerHotkeys");
-	if (_registerHotkeys) {
-		SetupHotkeys();
-	}
-	OBSDataArrayAutoRelease pauseHotkey =
-		obs_data_get_array(obj, "pauseHotkey");
-	obs_hotkey_load(_pauseHotkey, pauseHotkey);
-	OBSDataArrayAutoRelease unpauseHotkey =
-		obs_data_get_array(obj, "unpauseHotkey");
-	obs_hotkey_load(_unpauseHotkey, unpauseHotkey);
-	OBSDataArrayAutoRelease togglePauseHotkey =
-		obs_data_get_array(obj, "togglePauseHotkey");
-	obs_hotkey_load(_togglePauseHotkey, togglePauseHotkey);
-	SetHotkeysDesc();
+	_registerHotkeys = !_isNested &&
+			   obs_data_get_bool(obj, "registerHotkeys");
+	_pauseHotkeyData = obs_data_get_array(obj, "pauseHotkey");
+	_unpauseHotkeyData = obs_data_get_array(obj, "unpauseHotkey");
+	_togglePauseHotkeyData = obs_data_get_array(obj, "togglePauseHotkey");
+	_hotkeyLoadPending = true;
 
 	bool root = true;
 	OBSDataArrayAutoRelease conditions =
@@ -1022,8 +1022,29 @@ bool Macro::Load(obs_data_t *obj)
 	return true;
 }
 
+void Macro::LoadHotkeys()
+{
+	if (!_hotkeyLoadPending) {
+		return;
+	}
+	_hotkeyLoadPending = false;
+
+	if (_registerHotkeys) {
+		SetupHotkeys();
+	}
+	obs_hotkey_load(_pauseHotkey, _pauseHotkeyData);
+	obs_hotkey_load(_unpauseHotkey, _unpauseHotkeyData);
+	obs_hotkey_load(_togglePauseHotkey, _togglePauseHotkeyData);
+	SetHotkeysDesc();
+
+	_pauseHotkeyData = nullptr;
+	_unpauseHotkeyData = nullptr;
+	_togglePauseHotkeyData = nullptr;
+}
+
 bool Macro::PostLoad()
 {
+	LoadHotkeys();
 	for (auto &c : _conditions) {
 		c->WithLock([c]() { c->PostLoad(); });
 	}
@@ -1149,6 +1170,10 @@ static obs_hotkey_id registerHotkeyHelper(const std::string prefix,
 
 void Macro::SetupHotkeys()
 {
+	if (_isNested) {
+		return;
+	}
+
 	if (_pauseHotkey != OBS_INVALID_HOTKEY_ID ||
 	    _unpauseHotkey != OBS_INVALID_HOTKEY_ID ||
 	    _togglePauseHotkey != OBS_INVALID_HOTKEY_ID) {
diff --git a/lib/macro/macro.hpp b/lib/macro/macro.hpp
index ce6155b4..ead1aa95 100644
--- a/lib/macro/macro.hpp
+++ b/lib/macro/macro.hpp
@@ -130,6 +130,7 @@ public:
 	void SetParent(std::shared_ptr<Macro> m) { _parent = m; }
 	std::shared_ptr<Macro> Parent() const;
 
+	static std::shared_ptr<Macro> CreateNested();
 	void SetNestedParentMacro(Macro *parent);
 	Macro *GetNestedParentMacro() const { return _nestedParentMacro; }
 
@@ -163,6 +164,7 @@ public:
 
 private:
 	void SetupHotkeys();
+	void LoadHotkeys();
 	void ClearHotkeys() const;
 	void SetHotkeysDesc() const;
 
@@ -191,6 +193,7 @@ private:
 
 	std::weak_ptr<Macro> _parent;
 	Macro *_nestedParentMacro = nullptr;
+	bool _isNested = false;
 	uint32_t _groupSize = 0;
 	bool _isGroup = false;
 	bool _isCollapsed = false;
@@ -213,6 +216,10 @@ private:
 	obs_hotkey_id _pauseHotkey = OBS_INVALID_HOTKEY_ID;
 	obs_hotkey_id _unpauseHotkey = OBS_INVALID_HOTKEY_ID;
 	obs_hotkey_id _togglePauseHotkey = OBS_INVALID_HOTKEY_ID;
+	bool _hotkeyLoadPending = false;
+	OBSDataArrayAutoRelease _pauseHotkeyData;
+	OBSDataArrayAutoRelease _unpauseHotkeyData;
+	OBSDataArrayAutoRelease _togglePauseHotkeyData;
 
 	ActionTriggerMode _actionTriggerMode =
 		ActionTriggerMode::MACRO_RESULT_CHANGED;
diff --git a/tests/stubs/macro-action-macro.cpp b/tests/stubs/macro-action-macro.cpp
index b0f08488..c24ab043 100644
--- a/tests/stubs/macro-action-macro.cpp
+++ b/tests/stubs/macro-action-macro.cpp
@@ -5,6 +5,10 @@ namespace advss {
 bool MacroActionMacro::_registered = false;
 const std::string MacroActionMacro::id = "macro";
 
+MacroActionMacro::MacroActionMacro(Macro *m) : MacroAction(m), MacroRefAction(m)
+{
+}
+
 bool MacroActionMacro::PerformAction()
 {
 	return false;