diff --git a/package-lock.json b/package-lock.json
index 7714753d..5691d928 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -9,7 +9,7 @@
             "version": "3.15.0",
             "license": "Apache-2.0",
             "dependencies": {
-                "@accordproject/concerto-core": "3.8.1",
+                "@accordproject/concerto-core": "3.9.0",
                 "@accordproject/concerto-util": "3.8.0",
                 "@accordproject/concerto-vocabulary": "3.8.2",
                 "@openapi-contrib/openapi-schema-to-json-schema": "3.2.0",
@@ -51,45 +51,45 @@
             }
         },
         "node_modules/@accordproject/concerto-core": {
-            "version": "3.8.1",
-            "resolved": "https://registry.npmjs.org/@accordproject/concerto-core/-/concerto-core-3.8.1.tgz",
-            "integrity": "sha512-hIFHLAIue0l66+ATCWGRXUXOovjgGzNW3DL1ZSZa4EaUGIbqBL6dKSqCBSNo76p4tUzxc3FNjAaan7eZMV8xcQ==",
+            "version": "3.9.0",
+            "resolved": "https://registry.npmjs.org/@accordproject/concerto-core/-/concerto-core-3.9.0.tgz",
+            "integrity": "sha512-6e2QDbPS1W1LIR3cEbv2HTpc+vqHVl1KdoD+0fmzvaa1lyJkDv5VbKK0x/I9ixxGJ2mBtbpZqDR0jPJApT4bQA==",
             "dependencies": {
-                "@accordproject/concerto-cto": "3.8.1",
+                "@accordproject/concerto-cto": "3.9.0",
                 "@accordproject/concerto-metamodel": "3.8.0",
-                "@accordproject/concerto-util": "3.8.1",
+                "@accordproject/concerto-util": "3.9.0",
                 "dayjs": "1.10.8",
                 "debug": "4.3.1",
                 "lorem-ipsum": "2.0.3",
                 "randexp": "0.5.3",
-                "semver": "7.3.5",
+                "semver": "7.5.2",
                 "slash": "3.0.0",
                 "urijs": "1.19.11",
                 "uuid": "8.3.2"
             },
             "engines": {
-                "node": ">=14",
-                "npm": ">=6"
+                "node": ">=16",
+                "npm": ">=8"
             }
         },
         "node_modules/@accordproject/concerto-core/node_modules/@accordproject/concerto-cto": {
-            "version": "3.8.1",
-            "resolved": "https://registry.npmjs.org/@accordproject/concerto-cto/-/concerto-cto-3.8.1.tgz",
-            "integrity": "sha512-Hooc1Aceuqhr9WARIUEfqKLGkjhttjLgWNYEpHlBunlc34zQ3DZP92qvBJe7KfwVzV60/ZrJynrnTikHRi+47g==",
+            "version": "3.9.0",
+            "resolved": "https://registry.npmjs.org/@accordproject/concerto-cto/-/concerto-cto-3.9.0.tgz",
+            "integrity": "sha512-OwlbRDmjG6MFGZMMM7H101XDQZgH6jT/GmH7s497tile/F+G5fxED9NVlGFrTGUPEmVfx+FeFYG4UEmO7t4y/A==",
             "dependencies": {
                 "@accordproject/concerto-metamodel": "3.8.0",
-                "@accordproject/concerto-util": "3.8.1",
+                "@accordproject/concerto-util": "3.9.0",
                 "path-browserify": "1.0.1"
             },
             "engines": {
-                "node": ">=14",
-                "npm": ">=6"
+                "node": ">=16",
+                "npm": ">=8"
             }
         },
         "node_modules/@accordproject/concerto-core/node_modules/@accordproject/concerto-util": {
-            "version": "3.8.1",
-            "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.8.1.tgz",
-            "integrity": "sha512-H5HJ8E7GaB31cKHbmd1/z+sXmUIoCwuebHs52d5OJd6FXmgjUAdW/4F2papDJ72bDIpk6ua2pf4zBWTW93mH4Q==",
+            "version": "3.9.0",
+            "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.9.0.tgz",
+            "integrity": "sha512-2WoM0dnodwfYHgd6RtgSZBkmXBAf+ye6sDiFS46woRQE2IXjfc7OnYao1O9Tn03XZx+dGvQdJD4gvuDsApM9lQ==",
             "dependencies": {
                 "@supercharge/promise-pool": "1.7.0",
                 "axios": "0.23.0",
@@ -99,8 +99,8 @@
                 "slash": "3.0.0"
             },
             "engines": {
-                "node": ">=14",
-                "npm": ">=6"
+                "node": ">=16",
+                "npm": ">=8"
             }
         },
         "node_modules/@accordproject/concerto-core/node_modules/axios": {
@@ -6970,8 +6970,9 @@
             "license": "MIT"
         },
         "node_modules/semver": {
-            "version": "7.3.5",
-            "license": "ISC",
+            "version": "7.5.2",
+            "resolved": "https://registry.npmjs.org/semver/-/semver-7.5.2.tgz",
+            "integrity": "sha512-SoftuTROv/cRjCze/scjGyiDtcUyxw1rgYQSZY7XTmtR5hX+dm76iDbTH8TkLPHCQmlbQVSSbNZCPM2hb0knnQ==",
             "dependencies": {
                 "lru-cache": "^6.0.0"
             },
@@ -7890,37 +7891,37 @@
     },
     "dependencies": {
         "@accordproject/concerto-core": {
-            "version": "3.8.1",
-            "resolved": "https://registry.npmjs.org/@accordproject/concerto-core/-/concerto-core-3.8.1.tgz",
-            "integrity": "sha512-hIFHLAIue0l66+ATCWGRXUXOovjgGzNW3DL1ZSZa4EaUGIbqBL6dKSqCBSNo76p4tUzxc3FNjAaan7eZMV8xcQ==",
+            "version": "3.9.0",
+            "resolved": "https://registry.npmjs.org/@accordproject/concerto-core/-/concerto-core-3.9.0.tgz",
+            "integrity": "sha512-6e2QDbPS1W1LIR3cEbv2HTpc+vqHVl1KdoD+0fmzvaa1lyJkDv5VbKK0x/I9ixxGJ2mBtbpZqDR0jPJApT4bQA==",
             "requires": {
-                "@accordproject/concerto-cto": "3.8.1",
+                "@accordproject/concerto-cto": "3.9.0",
                 "@accordproject/concerto-metamodel": "3.8.0",
-                "@accordproject/concerto-util": "3.8.1",
+                "@accordproject/concerto-util": "3.9.0",
                 "dayjs": "1.10.8",
                 "debug": "4.3.1",
                 "lorem-ipsum": "2.0.3",
                 "randexp": "0.5.3",
-                "semver": "7.3.5",
+                "semver": "7.5.2",
                 "slash": "3.0.0",
                 "urijs": "1.19.11",
                 "uuid": "8.3.2"
             },
             "dependencies": {
                 "@accordproject/concerto-cto": {
-                    "version": "3.8.1",
-                    "resolved": "https://registry.npmjs.org/@accordproject/concerto-cto/-/concerto-cto-3.8.1.tgz",
-                    "integrity": "sha512-Hooc1Aceuqhr9WARIUEfqKLGkjhttjLgWNYEpHlBunlc34zQ3DZP92qvBJe7KfwVzV60/ZrJynrnTikHRi+47g==",
+                    "version": "3.9.0",
+                    "resolved": "https://registry.npmjs.org/@accordproject/concerto-cto/-/concerto-cto-3.9.0.tgz",
+                    "integrity": "sha512-OwlbRDmjG6MFGZMMM7H101XDQZgH6jT/GmH7s497tile/F+G5fxED9NVlGFrTGUPEmVfx+FeFYG4UEmO7t4y/A==",
                     "requires": {
                         "@accordproject/concerto-metamodel": "3.8.0",
-                        "@accordproject/concerto-util": "3.8.1",
+                        "@accordproject/concerto-util": "3.9.0",
                         "path-browserify": "1.0.1"
                     }
                 },
                 "@accordproject/concerto-util": {
-                    "version": "3.8.1",
-                    "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.8.1.tgz",
-                    "integrity": "sha512-H5HJ8E7GaB31cKHbmd1/z+sXmUIoCwuebHs52d5OJd6FXmgjUAdW/4F2papDJ72bDIpk6ua2pf4zBWTW93mH4Q==",
+                    "version": "3.9.0",
+                    "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.9.0.tgz",
+                    "integrity": "sha512-2WoM0dnodwfYHgd6RtgSZBkmXBAf+ye6sDiFS46woRQE2IXjfc7OnYao1O9Tn03XZx+dGvQdJD4gvuDsApM9lQ==",
                     "requires": {
                         "@supercharge/promise-pool": "1.7.0",
                         "axios": "0.23.0",
@@ -12368,7 +12369,9 @@
             }
         },
         "semver": {
-            "version": "7.3.5",
+            "version": "7.5.2",
+            "resolved": "https://registry.npmjs.org/semver/-/semver-7.5.2.tgz",
+            "integrity": "sha512-SoftuTROv/cRjCze/scjGyiDtcUyxw1rgYQSZY7XTmtR5hX+dm76iDbTH8TkLPHCQmlbQVSSbNZCPM2hb0knnQ==",
             "requires": {
                 "lru-cache": "^6.0.0"
             }
diff --git a/package.json b/package.json
index c47e6c8c..61f708d3 100644
--- a/package.json
+++ b/package.json
@@ -69,7 +69,7 @@
         "webpack-cli": "4.9.1"
     },
     "dependencies": {
-        "@accordproject/concerto-core": "3.8.1",
+        "@accordproject/concerto-core": "3.9.0",
         "@accordproject/concerto-util": "3.8.0",
         "@accordproject/concerto-vocabulary": "3.8.2",
         "@openapi-contrib/openapi-schema-to-json-schema": "3.2.0",