diff --git a/common-dev-assets b/common-dev-assets
index df611712..49147b2b 160000
--- a/common-dev-assets
+++ b/common-dev-assets
@@ -1 +1 @@
-Subproject commit df611712d2acbd43466df159efc80af994a1fa72
+Subproject commit 49147b2b762f1f38182bd234eb9e28a97453ffc2
diff --git a/examples/complete/main.tf b/examples/complete/main.tf
index aa6801fe..b43ca0e3 100644
--- a/examples/complete/main.tf
+++ b/examples/complete/main.tf
@@ -98,7 +98,7 @@ module "icd_elasticsearch" {
 module "secrets_manager" {
   count                = var.existing_sm_instance_guid == null ? 1 : 0
   source               = "terraform-ibm-modules/secrets-manager/ibm"
-  version              = "2.7.4"
+  version              = "2.7.5"
   resource_group_id    = module.resource_group.resource_group_id
   region               = var.region
   secrets_manager_name = "${var.prefix}-secrets-manager"
diff --git a/solutions/fully-configurable/main.tf b/solutions/fully-configurable/main.tf
index b564497f..b4c725c8 100644
--- a/solutions/fully-configurable/main.tf
+++ b/solutions/fully-configurable/main.tf
@@ -415,7 +415,7 @@ module "secrets_manager_service_credentials" {
   count                       = length(local.service_credential_secrets) > 0 ? 1 : 0
   depends_on                  = [time_sleep.wait_for_elasticsearch_authorization_policy]
   source                      = "terraform-ibm-modules/secrets-manager/ibm//modules/secrets"
-  version                     = "2.7.4"
+  version                     = "2.7.5"
   existing_sm_instance_guid   = local.existing_secrets_manager_instance_guid
   existing_sm_instance_region = local.existing_secrets_manager_instance_region
   endpoint_type               = var.existing_secrets_manager_endpoint_type