diff --git a/CHANGELOG-0.x.md b/CHANGELOG-0.x.md
index 810a608dcf..680fc210bf 100644
--- a/CHANGELOG-0.x.md
+++ b/CHANGELOG-0.x.md
@@ -1,3 +1,8 @@
+# v1.5.3
+## Notable changes
+* Ensure image OCI compliance ([#1205](https://github.com/kubernetes-sigs/aws-ebs-csi-driver/pull/1205), [@torredil](https://github.com/torredil))
+* Update driver dependencies ([#1208](https://github.com/kubernetes-sigs/aws-ebs-csi-driver/pull/1208), [@rdpsin](https://github.com/rdpsin))
+
 # v1.5.2
 ## Notable changes
 * Address CVE ALAS-2022-1764
diff --git a/Makefile b/Makefile
index ddee72a4c0..88d0d206bb 100644
--- a/Makefile
+++ b/Makefile
@@ -12,7 +12,7 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-VERSION=v1.5.2
+VERSION=v1.5.3
 
 PKG=github.com/kubernetes-sigs/aws-ebs-csi-driver
 GIT_COMMIT?=$(shell git rev-parse HEAD)
diff --git a/docs/README.md b/docs/README.md
index ca5d6ff219..e946b8a9be 100644
--- a/docs/README.md
+++ b/docs/README.md
@@ -81,7 +81,8 @@ Following sections are Kubernetes specific. If you are Kubernetes user, use foll
 ## Container Images:
 |AWS EBS CSI Driver Version | GCR Image                                        | ECR Image                                                                   |
 |---------------------------|--------------------------------------------------|-----------------------------------------------------------------------------|
-|v1.5.2                     |k8s.gcr.io/provider-aws/aws-ebs-csi-driver:v1.5.2 | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.5.2                     |
+|v1.5.3                     |                                                  | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.5.3                     |
+|v1.5.2                     |                                                  | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.5.2                     |
 |v1.5.1                     |k8s.gcr.io/provider-aws/aws-ebs-csi-driver:v1.5.1 | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.5.1                     |
 |v1.5.0                     |k8s.gcr.io/provider-aws/aws-ebs-csi-driver:v1.5.0 | public.ecr.aws/ebs-csi-driver/aws-ebs-csi-driver:v1.5.0                     |
 |v1.4.0                     |k8s.gcr.io/provider-aws/aws-ebs-csi-driver:v1.4.0 | 602401143452.dkr.ecr.us-west-2.amazonaws.com/eks/aws-ebs-csi-driver:v1.4.0  |