diff --git a/manifests/0000_50_olm_00-pprof-secret.yaml b/manifests/0000_50_olm_00-pprof-secret.yaml
index d77a5c076c..e438c13409 100644
--- a/manifests/0000_50_olm_00-pprof-secret.yaml
+++ b/manifests/0000_50_olm_00-pprof-secret.yaml
@@ -5,6 +5,7 @@ metadata:
     include.release.openshift.io/ibm-cloud-managed: "true"
     include.release.openshift.io/self-managed-high-availability: "true"
     release.openshift.io/create-only: "true"
+    openshift.io/owning-component: "Operator Framework / operator-lifecycle-manager"
     capability.openshift.io/name: "OperatorLifecycleManager"
   name: pprof-cert
   namespace: openshift-operator-lifecycle-manager
diff --git a/microshift-manifests/0000_50_olm_00-pprof-secret.yaml b/microshift-manifests/0000_50_olm_00-pprof-secret.yaml
index d77a5c076c..e438c13409 100644
--- a/microshift-manifests/0000_50_olm_00-pprof-secret.yaml
+++ b/microshift-manifests/0000_50_olm_00-pprof-secret.yaml
@@ -5,6 +5,7 @@ metadata:
     include.release.openshift.io/ibm-cloud-managed: "true"
     include.release.openshift.io/self-managed-high-availability: "true"
     release.openshift.io/create-only: "true"
+    openshift.io/owning-component: "Operator Framework / operator-lifecycle-manager"
     capability.openshift.io/name: "OperatorLifecycleManager"
   name: pprof-cert
   namespace: openshift-operator-lifecycle-manager
diff --git a/scripts/generate_crds_manifests.sh b/scripts/generate_crds_manifests.sh
index 6acf0255af..07cfe900c0 100755
--- a/scripts/generate_crds_manifests.sh
+++ b/scripts/generate_crds_manifests.sh
@@ -346,6 +346,7 @@ metadata:
     include.release.openshift.io/ibm-cloud-managed: "true"
     include.release.openshift.io/self-managed-high-availability: "true"
     release.openshift.io/create-only: "true"
+    openshift.io/owning-component: "Operator Framework / operator-lifecycle-manager"
   name: pprof-cert
   namespace: openshift-operator-lifecycle-manager
 type: kubernetes.io/tls
@@ -488,7 +489,7 @@ add_ibm_managed_cloud_annotations "${ROOT_DIR}/manifests"
 find "${ROOT_DIR}/manifests" -type f -exec $SED -i "/^#/d" {} \;
 find "${ROOT_DIR}/manifests" -type f -exec $SED -i "1{/---/d}" {} \;
 
-# (anik120): uncomment this once https://issues.redhat.com/browse/OLM-2695 is Done. 
+# (anik120): uncomment this once https://issues.redhat.com/browse/OLM-2695 is Done.
 #${YQ} delete --inplace -d'1' manifests/0000_50_olm_00-namespace.yaml 'metadata.labels."pod-security.kubernetes.io/enforce*"'
 
 # Unlike the namespaces shipped in the upstream version, the openshift-operator-lifecycle-manager and openshift-operator
@@ -505,7 +506,7 @@ cp "${ROOT_DIR}"/manifests/* "${ROOT_DIR}/microshift-manifests/"
 # There are some differences that we need to take care of:
 # - The manifests require a kustomization.yaml file
 # - We don't need the specific ibm-cloud-managed manifests
-# - We need to adapt some of the manifests to be compatible with microshift as there's no 
+# - We need to adapt some of the manifests to be compatible with microshift as there's no
 #   ClusterVersion or ClusterOperator in microshift
 
 # Create the kustomization file
@@ -530,7 +531,7 @@ for file in ${microshift_manifests_files}; do
     fi
   done
   echo "  - $(realpath --relative-to "${ROOT_DIR}/microshift-manifests" "${file}")" >> "${ROOT_DIR}/microshift-manifests/kustomization.yaml"
-done 
+done
 
 # Now we need to get rid of these args from the olm-operator deployment:
 #
@@ -539,7 +540,7 @@ done
 # - --writePackageServerStatusName
 # - operator-lifecycle-manager-packageserver
 #
-${SED} -i '/- --writeStatusName/,+3d' ${ROOT_DIR}/microshift-manifests/0000_50_olm_07-olm-operator.deployment.yaml 
+${SED} -i '/- --writeStatusName/,+3d' ${ROOT_DIR}/microshift-manifests/0000_50_olm_07-olm-operator.deployment.yaml
 
 # Replace the namespace openshift, as it doesn't exist on microshift, in the rbac file
 ${SED} -i 's/  namespace: openshift/  namespace: openshift-operator-lifecycle-manager/g' ${ROOT_DIR}/microshift-manifests/0000_50_olm_15-csv-viewer.rbac.yaml
diff --git a/staging/operator-lifecycle-manager/cmd/olm/main.go b/staging/operator-lifecycle-manager/cmd/olm/main.go
index 6d76606dc3..58570fa590 100644
--- a/staging/operator-lifecycle-manager/cmd/olm/main.go
+++ b/staging/operator-lifecycle-manager/cmd/olm/main.go
@@ -224,6 +224,11 @@ func main() {
 		go monitor.Run(op.Done())
 	}
 
+	// Reconcile all olm-managed secrets to add ownership annotations if not existed
+	if err = op.EnsureSecretOwnershipAnnotations(); err != nil {
+		logger.WithError(err).Fatal("error injecting ownership annotations to existing olm-managed secrets")
+	}
+
 	// Start the controller manager
 	if err := mgr.Start(ctx); err != nil {
 		logger.WithError(err).Fatal("controller manager stopped")
diff --git a/staging/operator-lifecycle-manager/pkg/controller/install/certresources.go b/staging/operator-lifecycle-manager/pkg/controller/install/certresources.go
index 45bc78d0c9..98290383ef 100644
--- a/staging/operator-lifecycle-manager/pkg/controller/install/certresources.go
+++ b/staging/operator-lifecycle-manager/pkg/controller/install/certresources.go
@@ -42,6 +42,10 @@ const (
 	// olm managed label
 	OLMManagedLabelKey   = "olm.managed"
 	OLMManagedLabelValue = "true"
+	// Use this const for now to avoid openshift/api bump
+	// TODO: Bump openshift/api and remove this const
+	OpenShiftComponent     = "openshift.io/owning-component"
+	OLMOwnershipAnnotation = "Operator Framework / operator-lifecycle-manager"
 )
 
 type certResource interface {
@@ -300,6 +304,11 @@ func (i *StrategyDeploymentInstaller) installCertRequirementsForDeployment(deplo
 	}
 	caHash := certs.PEMSHA256(caPEM)
 
+	annotations := map[string]string{
+		OpenShiftComponent:     OLMOwnershipAnnotation,
+		OLMCAHashAnnotationKey: caHash,
+	}
+
 	secret := &corev1.Secret{
 		Data: map[string][]byte{
 			"tls.crt":   certPEM,
@@ -310,8 +319,8 @@ func (i *StrategyDeploymentInstaller) installCertRequirementsForDeployment(deplo
 	}
 	secret.SetName(SecretName(service.GetName()))
 	secret.SetNamespace(i.owner.GetNamespace())
-	secret.SetAnnotations(map[string]string{OLMCAHashAnnotationKey: caHash})
 	secret.SetLabels(map[string]string{OLMManagedLabelKey: OLMManagedLabelValue})
+	secret.SetAnnotations(annotations)
 
 	existingSecret, err := i.strategyClient.GetOpLister().CoreV1().SecretLister().Secrets(i.owner.GetNamespace()).Get(secret.GetName())
 	if err == nil {
@@ -322,7 +331,7 @@ func (i *StrategyDeploymentInstaller) installCertRequirementsForDeployment(deplo
 
 		// Attempt an update
 		// TODO: Check that the secret was not modified
-		if existingCAPEM, ok := existingSecret.Data[OLMCAPEMKey]; ok && !ShouldRotateCerts(i.owner.(*v1alpha1.ClusterServiceVersion)) {
+		if existingCAPEM, ok := existingSecret.Data[OLMCAPEMKey]; ok && !ShouldRotateCerts(i.owner.(*v1alpha1.ClusterServiceVersion)) && existingSecret.Annotations[OpenShiftComponent] != "" {
 			logger.Warnf("reusing existing cert %s", secret.GetName())
 			secret = existingSecret
 			caPEM = existingCAPEM
diff --git a/staging/operator-lifecycle-manager/pkg/controller/install/certresources_test.go b/staging/operator-lifecycle-manager/pkg/controller/install/certresources_test.go
index ad8e1041b4..39b42b93d9 100644
--- a/staging/operator-lifecycle-manager/pkg/controller/install/certresources_test.go
+++ b/staging/operator-lifecycle-manager/pkg/controller/install/certresources_test.go
@@ -184,7 +184,7 @@ func TestInstallCertRequirementsForDeployment(t *testing.T) {
 					ObjectMeta: metav1.ObjectMeta{
 						Name:        "test-service-cert",
 						Namespace:   namespace,
-						Annotations: map[string]string{OLMCAHashAnnotationKey: caHash},
+						Annotations: map[string]string{OLMCAHashAnnotationKey: caHash, OpenShiftComponent: OLMOwnershipAnnotation},
 						Labels:      map[string]string{OLMManagedLabelKey: OLMManagedLabelValue},
 					},
 					Data: map[string][]byte{
@@ -413,7 +413,7 @@ func TestInstallCertRequirementsForDeployment(t *testing.T) {
 					ObjectMeta: metav1.ObjectMeta{
 						Name:        "test-service-cert",
 						Namespace:   namespace,
-						Annotations: map[string]string{OLMCAHashAnnotationKey: caHash},
+						Annotations: map[string]string{OLMCAHashAnnotationKey: caHash, OpenShiftComponent: OLMOwnershipAnnotation},
 						Labels:      map[string]string{OLMManagedLabelKey: OLMManagedLabelValue},
 					},
 					Data: map[string][]byte{
@@ -635,7 +635,7 @@ func TestInstallCertRequirementsForDeployment(t *testing.T) {
 					ObjectMeta: metav1.ObjectMeta{
 						Name:        "test-service-cert",
 						Namespace:   namespace,
-						Annotations: map[string]string{OLMCAHashAnnotationKey: caHash},
+						Annotations: map[string]string{OLMCAHashAnnotationKey: caHash, OpenShiftComponent: OLMOwnershipAnnotation},
 						Labels:      map[string]string{OLMManagedLabelKey: OLMManagedLabelValue},
 						OwnerReferences: []metav1.OwnerReference{
 							ownerutil.NonBlockingOwner(&v1alpha1.ClusterServiceVersion{}),
diff --git a/staging/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go b/staging/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go
index 5e3c294bd1..e49a1e0876 100644
--- a/staging/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go
+++ b/staging/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go
@@ -2900,3 +2900,27 @@ func (a *Operator) ensureLabels(in *v1alpha1.ClusterServiceVersion, labelSets ..
 	out, err := a.client.OperatorsV1alpha1().ClusterServiceVersions(out.GetNamespace()).Update(context.TODO(), out, metav1.UpdateOptions{})
 	return out, err
 }
+
+// syncSecret adds required ownership annotations to olm-managed secrets
+func (a *Operator) EnsureSecretOwnershipAnnotations() error {
+	secrets, err := a.lister.CoreV1().SecretLister().List(labels.SelectorFromSet(labels.Set{install.OLMManagedLabelKey: install.OLMManagedLabelValue}))
+	if err != nil {
+		return err
+	}
+	for _, secret := range secrets {
+		if secret.Annotations[install.OpenShiftComponent] == "" {
+			secret.Annotations[install.OpenShiftComponent] = install.OLMOwnershipAnnotation
+			logger := a.logger.WithFields(logrus.Fields{
+				"name":      secret.GetName(),
+				"namespace": secret.GetNamespace(),
+				"self":      secret.GetSelfLink(),
+			})
+			logger.Debug("injecting ownership annotations to existing secret")
+			if _, updateErr := a.opClient.UpdateSecret(secret); updateErr != nil {
+				logger.WithError(err).Warn("error adding ownership annotations to existing secret")
+				return err
+			}
+		}
+	}
+	return nil
+}
diff --git a/vendor/github.com/operator-framework/operator-lifecycle-manager/cmd/olm/main.go b/vendor/github.com/operator-framework/operator-lifecycle-manager/cmd/olm/main.go
index 6d76606dc3..58570fa590 100644
--- a/vendor/github.com/operator-framework/operator-lifecycle-manager/cmd/olm/main.go
+++ b/vendor/github.com/operator-framework/operator-lifecycle-manager/cmd/olm/main.go
@@ -224,6 +224,11 @@ func main() {
 		go monitor.Run(op.Done())
 	}
 
+	// Reconcile all olm-managed secrets to add ownership annotations if not existed
+	if err = op.EnsureSecretOwnershipAnnotations(); err != nil {
+		logger.WithError(err).Fatal("error injecting ownership annotations to existing olm-managed secrets")
+	}
+
 	// Start the controller manager
 	if err := mgr.Start(ctx); err != nil {
 		logger.WithError(err).Fatal("controller manager stopped")
diff --git a/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/install/certresources.go b/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/install/certresources.go
index 45bc78d0c9..98290383ef 100644
--- a/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/install/certresources.go
+++ b/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/install/certresources.go
@@ -42,6 +42,10 @@ const (
 	// olm managed label
 	OLMManagedLabelKey   = "olm.managed"
 	OLMManagedLabelValue = "true"
+	// Use this const for now to avoid openshift/api bump
+	// TODO: Bump openshift/api and remove this const
+	OpenShiftComponent     = "openshift.io/owning-component"
+	OLMOwnershipAnnotation = "Operator Framework / operator-lifecycle-manager"
 )
 
 type certResource interface {
@@ -300,6 +304,11 @@ func (i *StrategyDeploymentInstaller) installCertRequirementsForDeployment(deplo
 	}
 	caHash := certs.PEMSHA256(caPEM)
 
+	annotations := map[string]string{
+		OpenShiftComponent:     OLMOwnershipAnnotation,
+		OLMCAHashAnnotationKey: caHash,
+	}
+
 	secret := &corev1.Secret{
 		Data: map[string][]byte{
 			"tls.crt":   certPEM,
@@ -310,8 +319,8 @@ func (i *StrategyDeploymentInstaller) installCertRequirementsForDeployment(deplo
 	}
 	secret.SetName(SecretName(service.GetName()))
 	secret.SetNamespace(i.owner.GetNamespace())
-	secret.SetAnnotations(map[string]string{OLMCAHashAnnotationKey: caHash})
 	secret.SetLabels(map[string]string{OLMManagedLabelKey: OLMManagedLabelValue})
+	secret.SetAnnotations(annotations)
 
 	existingSecret, err := i.strategyClient.GetOpLister().CoreV1().SecretLister().Secrets(i.owner.GetNamespace()).Get(secret.GetName())
 	if err == nil {
@@ -322,7 +331,7 @@ func (i *StrategyDeploymentInstaller) installCertRequirementsForDeployment(deplo
 
 		// Attempt an update
 		// TODO: Check that the secret was not modified
-		if existingCAPEM, ok := existingSecret.Data[OLMCAPEMKey]; ok && !ShouldRotateCerts(i.owner.(*v1alpha1.ClusterServiceVersion)) {
+		if existingCAPEM, ok := existingSecret.Data[OLMCAPEMKey]; ok && !ShouldRotateCerts(i.owner.(*v1alpha1.ClusterServiceVersion)) && existingSecret.Annotations[OpenShiftComponent] != "" {
 			logger.Warnf("reusing existing cert %s", secret.GetName())
 			secret = existingSecret
 			caPEM = existingCAPEM
diff --git a/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go b/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go
index 5e3c294bd1..e49a1e0876 100644
--- a/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go
+++ b/vendor/github.com/operator-framework/operator-lifecycle-manager/pkg/controller/operators/olm/operator.go
@@ -2900,3 +2900,27 @@ func (a *Operator) ensureLabels(in *v1alpha1.ClusterServiceVersion, labelSets ..
 	out, err := a.client.OperatorsV1alpha1().ClusterServiceVersions(out.GetNamespace()).Update(context.TODO(), out, metav1.UpdateOptions{})
 	return out, err
 }
+
+// syncSecret adds required ownership annotations to olm-managed secrets
+func (a *Operator) EnsureSecretOwnershipAnnotations() error {
+	secrets, err := a.lister.CoreV1().SecretLister().List(labels.SelectorFromSet(labels.Set{install.OLMManagedLabelKey: install.OLMManagedLabelValue}))
+	if err != nil {
+		return err
+	}
+	for _, secret := range secrets {
+		if secret.Annotations[install.OpenShiftComponent] == "" {
+			secret.Annotations[install.OpenShiftComponent] = install.OLMOwnershipAnnotation
+			logger := a.logger.WithFields(logrus.Fields{
+				"name":      secret.GetName(),
+				"namespace": secret.GetNamespace(),
+				"self":      secret.GetSelfLink(),
+			})
+			logger.Debug("injecting ownership annotations to existing secret")
+			if _, updateErr := a.opClient.UpdateSecret(secret); updateErr != nil {
+				logger.WithError(err).Warn("error adding ownership annotations to existing secret")
+				return err
+			}
+		}
+	}
+	return nil
+}