diff --git a/sycl/plugins/unified_runtime/CMakeLists.txt b/sycl/plugins/unified_runtime/CMakeLists.txt
index e04e77dd6b4bb..f8f430a7cdcff 100644
--- a/sycl/plugins/unified_runtime/CMakeLists.txt
+++ b/sycl/plugins/unified_runtime/CMakeLists.txt
@@ -4,13 +4,13 @@ if (NOT DEFINED UNIFIED_RUNTIME_LIBRARY OR NOT DEFINED UNIFIED_RUNTIME_INCLUDE_D
   include(FetchContent)
 
   set(UNIFIED_RUNTIME_REPO "https://github.com/oneapi-src/unified-runtime.git")
-  #commit b38855ed815ffd076bfde5e5e06170ca4f723dc1
-  #Merge: e6343f4 6a2c548
-  #Author: Piotr Balcer <piotr.balcer@intel.com>
-  #Date:   Thu Oct 5 12:15:42 2023 +0200
-  #    Merge pull request #920 from jsji/localcopy
-  #        [UR][L0] Copy prebuilt L0 to avoid leaking shared folder path
-  set(UNIFIED_RUNTIME_TAG b38855ed815ffd076bfde5e5e06170ca4f723dc1)
+  # commit 4954850f338241d72d506ebcb7162d61afef2924
+  # Merge: 0677296 e5d6a91
+  # Author: Kenneth Benzie (Benie) <k.benzie@codeplay.com>
+  # Date:   Tue Oct 10 11:46:13 2023 +0100
+  #     Merge pull request #906 from 0x12CC/l0_usm_error_checking
+  #         [UR][L0] Propagate errors from `USMAllocationMakeResident`
+  set(UNIFIED_RUNTIME_TAG 4954850f338241d72d506ebcb7162d61afef2924)
 
   if ("level_zero" IN_LIST SYCL_ENABLE_PLUGINS)
     set(UR_BUILD_ADAPTER_L0 ON)