diff --git a/pkg/controller/operators/olm/operator_test.go b/pkg/controller/operators/olm/operator_test.go
index 812907b20ec..df887a6e0db 100644
--- a/pkg/controller/operators/olm/operator_test.go
+++ b/pkg/controller/operators/olm/operator_test.go
@@ -423,6 +423,14 @@ func TestTransitionCSV(t *testing.T) {
 				crds: []runtime.Object{
 					crd("c1", "v1"),
 				},
+				objs: []runtime.Object{
+					&v1.ServiceAccount{
+						ObjectMeta: metav1.ObjectMeta{
+							Name:      "sa",
+							Namespace: namespace,
+						},
+					},
+				},
 			},
 			expected: expected{
 				csvStates: map[string]csvState{
diff --git a/pkg/controller/operators/olm/requirements.go b/pkg/controller/operators/olm/requirements.go
index bb9e166a3db..ba464fc4e4c 100644
--- a/pkg/controller/operators/olm/requirements.go
+++ b/pkg/controller/operators/olm/requirements.go
@@ -30,11 +30,35 @@ func (a *Operator) requirementStatus(strategyDetailsDeployment *install.Strategy
 		if err != nil {
 			status.Status = v1alpha1.RequirementStatusReasonNotPresent
 			met = false
-		} else {
+			statuses = append(statuses, status)
+			continue
+		}
+
+		if crd.Spec.Version == r.Version {
 			status.Status = v1alpha1.RequirementStatusReasonPresent
 			status.UUID = string(crd.GetUID())
+			statuses = append(statuses, status)
+			continue
+		}
+
+		served := false
+		for _, version := range crd.Spec.Versions {
+			if version.Name == r.Version {
+				if version.Served {
+					status.Status = v1alpha1.RequirementStatusReasonPresent
+					status.UUID = string(crd.GetUID())
+					statuses = append(statuses, status)
+					served = true
+				}
+				break
+			}
+		}
+
+		if !served {
+			status.Status = v1alpha1.RequirementStatusReasonNotPresent
+			met = false
+			statuses = append(statuses, status)
 		}
-		statuses = append(statuses, status)
 	}
 
 	// Check for required API services
@@ -215,8 +239,6 @@ func (a *Operator) requirementAndPermissionStatus(csv *v1alpha1.ClusterServiceVe
 		return false, nil, fmt.Errorf("could not cast install strategy as type %T", strategyDetailsDeployment)
 	}
 
-	// Ensure permissions are valid
-
 	reqMet, reqStatuses := a.requirementStatus(strategyDetailsDeployment, csv.GetAllCRDDescriptions(), csv.GetOwnedAPIServiceDescriptions(), csv.GetRequiredAPIServiceDescriptions())
 
 	ruleChecker := install.NewCSVRuleChecker(a.roleLister, a.roleBindingLister, a.clusterRoleLister, a.clusterRoleBindingLister, csv)
diff --git a/pkg/controller/operators/olm/requirements_test.go b/pkg/controller/operators/olm/requirements_test.go
index df1210d262f..080cba6374f 100644
--- a/pkg/controller/operators/olm/requirements_test.go
+++ b/pkg/controller/operators/olm/requirements_test.go
@@ -427,6 +427,32 @@ func TestRequirementAndPermissionStatus(t *testing.T) {
 			},
 			expectedError: nil,
 		},
+		{
+			description: "RequirementNotMet/NonServedCRDVersion",
+			csv: csv("csv1",
+				namespace,
+				"",
+				installStrategy("csv1-dep", nil, nil),
+				[]*v1beta1.CustomResourceDefinition{crd("c1", "v2")},
+				nil,
+				v1alpha1.CSVPhasePending,
+			),
+			existingObjs: nil,
+			existingExtObjs: []runtime.Object{
+				crd("c1", "v1"),
+			},
+			met: false,
+			expectedRequirementStatuses: map[gvkn]v1alpha1.RequirementStatus{
+				{"apiextensions.k8s.io", "v1beta1", "CustomResourceDefinition", "c1group"}: {
+					Group:   "apiextensions.k8s.io",
+					Version: "v1beta1",
+					Kind:    "CustomResourceDefinition",
+					Name:    "c1group",
+					Status:  v1alpha1.RequirementStatusReasonNotPresent,
+				},
+			},
+			expectedError: nil,
+		},
 	}
 
 	for _, test := range tests {