diff --git a/pkg/api/apis/operators/v1alpha1/clusterserviceversion_types.go b/pkg/api/apis/operators/v1alpha1/clusterserviceversion_types.go
index 7d343bf930..2df4db5b56 100644
--- a/pkg/api/apis/operators/v1alpha1/clusterserviceversion_types.go
+++ b/pkg/api/apis/operators/v1alpha1/clusterserviceversion_types.go
@@ -252,8 +252,10 @@ const (
 	RequirementStatusReasonPresent             StatusReason = "Present"
 	RequirementStatusReasonNotPresent          StatusReason = "NotPresent"
 	RequirementStatusReasonPresentNotSatisfied StatusReason = "PresentNotSatisfied"
-	DependentStatusReasonSatisfied             StatusReason = "Satisfied"
-	DependentStatusReasonNotSatisfied          StatusReason = "NotSatisfied"
+	// The CRD is present but the Established condition is False (not available)
+	RequirementStatusReasonNotAvailable StatusReason = "PresentNotAvailable"
+	DependentStatusReasonSatisfied      StatusReason = "Satisfied"
+	DependentStatusReasonNotSatisfied   StatusReason = "NotSatisfied"
 )
 
 // DependentStatus is the status for a dependent requirement (to prevent infinite nesting)
diff --git a/pkg/controller/operators/olm/operator_test.go b/pkg/controller/operators/olm/operator_test.go
index 0c265fa40c..1bf502684e 100644
--- a/pkg/controller/operators/olm/operator_test.go
+++ b/pkg/controller/operators/olm/operator_test.go
@@ -603,6 +603,39 @@ func generateCA(notAfter time.Time, organization string) (*certs.KeyPair, error)
 	return ca, nil
 }
 
+func crdWithConditions(name string, version string, nameAccepted v1beta1.ConditionStatus, established v1beta1.ConditionStatus) *v1beta1.CustomResourceDefinition {
+	return &v1beta1.CustomResourceDefinition{
+		ObjectMeta: metav1.ObjectMeta{
+			Name: name + "group",
+		},
+		Spec: v1beta1.CustomResourceDefinitionSpec{
+			Group: name + "group",
+			Versions: []v1beta1.CustomResourceDefinitionVersion{
+				{
+					Name:    version,
+					Storage: true,
+					Served:  true,
+				},
+			},
+			Names: v1beta1.CustomResourceDefinitionNames{
+				Kind: name,
+			},
+		},
+		Status: v1beta1.CustomResourceDefinitionStatus{
+			Conditions: []v1beta1.CustomResourceDefinitionCondition{
+				{
+					Type:   v1beta1.Established,
+					Status: established,
+				},
+				{
+					Type:   v1beta1.NamesAccepted,
+					Status: nameAccepted,
+				},
+			},
+		},
+	}
+}
+
 func TestTransitionCSV(t *testing.T) {
 	logrus.SetLevel(logrus.DebugLevel)
 	namespace := "ns"
@@ -694,7 +727,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -730,7 +763,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					&corev1.ServiceAccount{
@@ -856,7 +889,7 @@ func TestTransitionCSV(t *testing.T) {
 					), apis("a1.v1.a1Kind"), nil),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -890,7 +923,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv1-dep1", namespace, "sa", nil),
@@ -994,7 +1027,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1063,7 +1096,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1107,7 +1140,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1130,7 +1163,7 @@ func TestTransitionCSV(t *testing.T) {
 					), apis("a1.v1.a1Kind"), nil),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1197,7 +1230,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1264,7 +1297,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1331,7 +1364,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1398,7 +1431,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1465,7 +1498,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1532,7 +1565,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1599,7 +1632,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1666,7 +1699,7 @@ func TestTransitionCSV(t *testing.T) {
 					clusterRoleBinding("v1.a1-system:auth-delegator", "system:auth-delegator", "sa", namespace),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1689,7 +1722,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 			},
 			expected: expected{
@@ -1712,7 +1745,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv1-dep1", namespace, "sa", nil),
@@ -1766,7 +1799,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv1-dep1", namespace, "sa", nil),
@@ -1801,7 +1834,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv1-dep1", namespace, "sa", nil),
@@ -1837,7 +1870,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv1-dep1", namespace, "sa", nil),
@@ -1882,7 +1915,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv1-dep1", namespace, "sa", nil),
@@ -1928,7 +1961,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv1-dep1", namespace, "sa", nil),
@@ -1966,7 +1999,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv2-dep1", namespace, "sa", nil),
@@ -2003,7 +2036,7 @@ func TestTransitionCSV(t *testing.T) {
 					),
 				},
 				crds: []runtime.Object{
-					crd("c1", "v1"),
+					crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 				},
 				objs: []runtime.Object{
 					deployment("csv2-dep1", namespace, "sa", nil),
diff --git a/pkg/controller/operators/olm/requirements.go b/pkg/controller/operators/olm/requirements.go
index c9f8746da6..bd6180ab7f 100644
--- a/pkg/controller/operators/olm/requirements.go
+++ b/pkg/controller/operators/olm/requirements.go
@@ -3,11 +3,13 @@ package olm
 import (
 	"encoding/json"
 	"fmt"
+
 	"github.com/sirupsen/logrus"
 
 	"github.com/operator-framework/operator-lifecycle-manager/pkg/api/apis/operators/v1alpha1"
 	olmErrors "github.com/operator-framework/operator-lifecycle-manager/pkg/controller/errors"
 	"github.com/operator-framework/operator-lifecycle-manager/pkg/controller/install"
+	"k8s.io/apiextensions-apiserver/pkg/apis/apiextensions/v1beta1"
 	metav1 "k8s.io/apimachinery/pkg/apis/meta/v1"
 )
 
@@ -37,26 +39,47 @@ func (a *Operator) requirementStatus(strategyDetailsDeployment *install.Strategy
 
 		if crd.Spec.Version == r.Version {
 			status.Status = v1alpha1.RequirementStatusReasonPresent
-			status.UUID = string(crd.GetUID())
-			statuses = append(statuses, status)
-			continue
+		} else {
+			served := false
+			for _, version := range crd.Spec.Versions {
+				if version.Name == r.Version {
+					if version.Served {
+						status.Status = v1alpha1.RequirementStatusReasonPresent
+						served = true
+					}
+					break
+				}
+			}
+
+			if !served {
+				status.Status = v1alpha1.RequirementStatusReasonNotPresent
+				met = false
+				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
+		// Check if CRD has successfully registered with k8s API
+		established := false
+		namesAccepted := false
+		for _, cdt := range crd.Status.Conditions {
+			switch cdt.Type {
+			case v1beta1.Established:
+				if cdt.Status == v1beta1.ConditionTrue {
+					established = true
+				}
+			case v1beta1.NamesAccepted:
+				if cdt.Status == v1beta1.ConditionTrue {
+					namesAccepted = true
 				}
-				break
 			}
 		}
 
-		if !served {
-			status.Status = v1alpha1.RequirementStatusReasonNotPresent
+		if established && namesAccepted {
+			status.UUID = string(crd.GetUID())
+			statuses = append(statuses, status)
+		} else {
+			status.Status = v1alpha1.RequirementStatusReasonNotAvailable
 			met = false
 			statuses = append(statuses, status)
 		}
diff --git a/pkg/controller/operators/olm/requirements_test.go b/pkg/controller/operators/olm/requirements_test.go
index 2a38edc17a..712d802f6f 100644
--- a/pkg/controller/operators/olm/requirements_test.go
+++ b/pkg/controller/operators/olm/requirements_test.go
@@ -44,9 +44,9 @@ func TestRequirementAndPermissionStatus(t *testing.T) {
 				nil,
 				v1alpha1.CSVPhasePending,
 			),
-			existingObjs:                nil,
-			existingExtObjs:             nil,
-			met:                         false,
+			existingObjs:    nil,
+			existingExtObjs: nil,
+			met:             false,
 			expectedRequirementStatuses: nil,
 			expectedError:               fmt.Errorf("unexpected end of JSON input"),
 		},
@@ -377,8 +377,8 @@ func TestRequirementAndPermissionStatus(t *testing.T) {
 				},
 			},
 			existingExtObjs: []runtime.Object{
-				crd("c1", "v1"),
-				crd("c2", "v1"),
+				crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
+				crdWithConditions("c2", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 			},
 			met: true,
 			expectedRequirementStatuses: map[gvkn]v1alpha1.RequirementStatus{
@@ -439,7 +439,7 @@ func TestRequirementAndPermissionStatus(t *testing.T) {
 			),
 			existingObjs: nil,
 			existingExtObjs: []runtime.Object{
-				crd("c1", "v1"),
+				crdWithConditions("c1", "v1", v1beta1.ConditionTrue, v1beta1.ConditionTrue),
 			},
 			met: false,
 			expectedRequirementStatuses: map[gvkn]v1alpha1.RequirementStatus{
@@ -453,6 +453,58 @@ func TestRequirementAndPermissionStatus(t *testing.T) {
 			},
 			expectedError: nil,
 		},
+		{
+			description: "RequirementNotMet/NotEstablishedCRDVersion",
+			csv: csv("csv1",
+				namespace,
+				"",
+				installStrategy("csv1-dep", nil, nil),
+				[]*v1beta1.CustomResourceDefinition{crd("c1", "v2")},
+				nil,
+				v1alpha1.CSVPhasePending,
+			),
+			existingObjs: nil,
+			existingExtObjs: []runtime.Object{
+				crdWithConditions("c1", "v2", v1beta1.ConditionTrue, v1beta1.ConditionFalse),
+			},
+			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.RequirementStatusReasonNotAvailable,
+				},
+			},
+			expectedError: nil,
+		},
+		{
+			description: "RequirementNotMet/NamesConflictedCRDVersion",
+			csv: csv("csv1",
+				namespace,
+				"",
+				installStrategy("csv1-dep", nil, nil),
+				[]*v1beta1.CustomResourceDefinition{crd("c1", "v2")},
+				nil,
+				v1alpha1.CSVPhasePending,
+			),
+			existingObjs: nil,
+			existingExtObjs: []runtime.Object{
+				crdWithConditions("c1", "v2", v1beta1.ConditionFalse, v1beta1.ConditionFalse),
+			},
+			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.RequirementStatusReasonNotAvailable,
+				},
+			},
+			expectedError: nil,
+		},
 	}
 
 	for _, test := range tests {