diff --git a/NOTICE.txt b/NOTICE.txt
index c5259fb097d..e9d1b9dc93c 100644
--- a/NOTICE.txt
+++ b/NOTICE.txt
@@ -362,11 +362,11 @@ these terms.
 
 --------------------------------------------------------------------------------
 Dependency : github.com/elastic/apm-data
-Version: v0.1.1-0.20231019084040-a0f7950e9775
+Version: v0.1.1-0.20231019120308-82201b991ae5
 Licence type (autodetected): Apache-2.0
 --------------------------------------------------------------------------------
 
-Contents of probable licence file $GOMODCACHE/github.com/elastic/apm-data@v0.1.1-0.20231019084040-a0f7950e9775/LICENSE:
+Contents of probable licence file $GOMODCACHE/github.com/elastic/apm-data@v0.1.1-0.20231019120308-82201b991ae5/LICENSE:
 
                                  Apache License
                            Version 2.0, January 2004
diff --git a/changelogs/head.asciidoc b/changelogs/head.asciidoc
index 9652643289c..5e6155333cf 100644
--- a/changelogs/head.asciidoc
+++ b/changelogs/head.asciidoc
@@ -20,3 +20,4 @@ https://github.com/elastic/apm-server/compare/8.11\...main[View commits]
 ==== Added
 - Update container base image to Ubuntu 22.04 {pull}11778[11778]
 - Add support for returning partial success response in OTLP input {pull}11883[11883]
+- Setting event timestamp from OTel observed timestamp when needed {pull}11935[11935]
\ No newline at end of file
diff --git a/go.mod b/go.mod
index 56dc0dc03d0..12db89a67f1 100644
--- a/go.mod
+++ b/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/dgraph-io/badger/v2 v2.2007.3-0.20201012072640-f5a7e0a1c83b
 	github.com/dustin/go-humanize v1.0.1
 	github.com/elastic/apm-aggregation v0.0.0-20230815024520-e75a37d9ddd6
-	github.com/elastic/apm-data v0.1.1-0.20231019084040-a0f7950e9775
+	github.com/elastic/apm-data v0.1.1-0.20231019120308-82201b991ae5
 	github.com/elastic/beats/v7 v7.0.0-alpha2.0.20231115142753-0f656292d196
 	github.com/elastic/elastic-agent-client/v7 v7.4.0
 	github.com/elastic/elastic-agent-libs v0.6.2
diff --git a/go.sum b/go.sum
index 11513434ad2..127650ef6c5 100644
--- a/go.sum
+++ b/go.sum
@@ -132,8 +132,8 @@ github.com/eapache/queue v1.1.0/go.mod h1:6eCeP0CKFpHLu8blIFXhExK/dRa7WDZfr6jVFP
 github.com/eknkc/amber v0.0.0-20171010120322-cdade1c07385/go.mod h1:0vRUJqYpeSZifjYj7uP3BG/gKcuzL9xWVV/Y+cK33KM=
 github.com/elastic/apm-aggregation v0.0.0-20230815024520-e75a37d9ddd6 h1:Js+C3HEE0a5BDFmhEmJV/Uo4uzj/paHjd7yl6+KYguw=
 github.com/elastic/apm-aggregation v0.0.0-20230815024520-e75a37d9ddd6/go.mod h1:ba3gaJCuhxXN/O5AuiI56xxd6DukQdVOK0NfpzBntNo=
-github.com/elastic/apm-data v0.1.1-0.20231019084040-a0f7950e9775 h1:IPo/osxNyRxn8akP082O51YyEtrPiUjkB7yxZV57AKQ=
-github.com/elastic/apm-data v0.1.1-0.20231019084040-a0f7950e9775/go.mod h1:z4iJVl8vyQa5v5o7UapWGHTsycBKsKfJfILuf2TZpYo=
+github.com/elastic/apm-data v0.1.1-0.20231019120308-82201b991ae5 h1:URlDi0TZetSAo8KAIbaMZQhM5EG8+SDgs0jTen7WvMg=
+github.com/elastic/apm-data v0.1.1-0.20231019120308-82201b991ae5/go.mod h1:z4iJVl8vyQa5v5o7UapWGHTsycBKsKfJfILuf2TZpYo=
 github.com/elastic/beats/v7 v7.0.0-alpha2.0.20231115142753-0f656292d196 h1:TVYeKGZK8p987p5gxukuVFzhFi3r3ZODehgpex79CJ0=
 github.com/elastic/beats/v7 v7.0.0-alpha2.0.20231115142753-0f656292d196/go.mod h1:FEFhfHnru9wDCgYGuqDiuXgEUD2KlkzN/YJ7yV2UO14=
 github.com/elastic/elastic-agent-autodiscover v0.6.4 h1:K+xC7OGgcy4fLXVuGgOGLs+eXCqRnRg2SQQinxP+KsA=