Hi Igor, we aim to follow the VFX Reference platform (https://vfxplatform.com/). Unreal 5.4 and up are on Python 3.11. In 2026, we’ll be moving the next UE release to Python 3.13 as per the 2026 VFX Reference platform.
If you need to stay on UE 5.3, I believe you could try and grab the Python 3.11 SDK from UE 5.4 or higher.