diff --git a/AccordProject.Concerto.Validate/concerto-validate/package-lock.json b/AccordProject.Concerto.Validate/concerto-validate/package-lock.json
index 31f1baf..6786c92 100644
--- a/AccordProject.Concerto.Validate/concerto-validate/package-lock.json
+++ b/AccordProject.Concerto.Validate/concerto-validate/package-lock.json
@@ -9,7 +9,7 @@
       "version": "1.0.0",
       "license": "ISC",
       "dependencies": {
-        "@accordproject/concerto-core": "^3.16.0"
+        "@accordproject/concerto-core": "^3.16.5"
       },
       "devDependencies": {
         "ts-loader": "^9.5.1",
@@ -19,13 +19,13 @@
       }
     },
     "node_modules/@accordproject/concerto-core": {
-      "version": "3.16.0",
-      "resolved": "https://registry.npmjs.org/@accordproject/concerto-core/-/concerto-core-3.16.0.tgz",
-      "integrity": "sha512-4ha+umrJpCzCmIA2dTYMw3k8VoNFPYLL35DVYyC6R+aRl90NS1HMAF+qB4rBV6ZQZifQoqjg4hID1Jca9HUqyQ==",
+      "version": "3.16.5",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-core/-/concerto-core-3.16.5.tgz",
+      "integrity": "sha512-GCYo4MBS+WScKd1PF3vniSR5I9yNJpRHyH+UPsFSH8t4zQDwR+yAdxpR7s19h6k088tG+NAyOXQu91t1rlQapQ==",
       "dependencies": {
-        "@accordproject/concerto-cto": "3.16.0",
-        "@accordproject/concerto-metamodel": "3.9.0",
-        "@accordproject/concerto-util": "3.16.0",
+        "@accordproject/concerto-cto": "3.16.5",
+        "@accordproject/concerto-metamodel": "3.9.1",
+        "@accordproject/concerto-util": "3.16.5",
         "dayjs": "1.11.10",
         "debug": "4.3.4",
         "lorem-ipsum": "2.0.8",
@@ -41,12 +41,12 @@
       }
     },
     "node_modules/@accordproject/concerto-cto": {
-      "version": "3.16.0",
-      "resolved": "https://registry.npmjs.org/@accordproject/concerto-cto/-/concerto-cto-3.16.0.tgz",
-      "integrity": "sha512-wU96mTAieJ2xG4MUHN4a3RenVvPtZf3ym6Ylc1et3XtKO4lPJfiZwscYx2DlBXDSAjzSqzGElYBFVf5G5yxclQ==",
+      "version": "3.16.5",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-cto/-/concerto-cto-3.16.5.tgz",
+      "integrity": "sha512-Q/7/EFPiF3N/dDassuZP/uV0U/rWrGlweGH2h+k0U5zURngzViNp3hBsBv+jnKEdRTJfwKvqihR2iWLgNkGixw==",
       "dependencies": {
-        "@accordproject/concerto-metamodel": "3.9.0",
-        "@accordproject/concerto-util": "3.16.0",
+        "@accordproject/concerto-metamodel": "3.9.1",
+        "@accordproject/concerto-util": "3.16.5",
         "path-browserify": "1.0.1"
       },
       "engines": {
@@ -55,11 +55,11 @@
       }
     },
     "node_modules/@accordproject/concerto-metamodel": {
-      "version": "3.9.0",
-      "resolved": "https://registry.npmjs.org/@accordproject/concerto-metamodel/-/concerto-metamodel-3.9.0.tgz",
-      "integrity": "sha512-SbzLormyTORUZDt46umGZT2aVgOCkH5bo67SjuVRPd5YzywMb/vJfncyd6XCm/vzmUWZ3D9OkPqnnfPvPTRMNg==",
+      "version": "3.9.1",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-metamodel/-/concerto-metamodel-3.9.1.tgz",
+      "integrity": "sha512-5fIZlkdTG7c+WiVwEYnyWOKaozi8blJNTHMdATyCHAPaM+UqVeIayA/ScUM70SJie1ngtCYg5S+kepUpl7pT8Q==",
       "dependencies": {
-        "@accordproject/concerto-util": "3.9.1",
+        "@accordproject/concerto-util": "3.16.1",
         "@types/node": "20.7.0"
       },
       "engines": {
@@ -68,14 +68,14 @@
       }
     },
     "node_modules/@accordproject/concerto-metamodel/node_modules/@accordproject/concerto-util": {
-      "version": "3.9.1",
-      "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.9.1.tgz",
-      "integrity": "sha512-LU3bWxURtyDhEEDWct15nOXat5WvFE/Z7yq/NcVeNr9RcKeIazMYxZ8bu+L6P5NJDxRn4FSWDxvL44dELES4+A==",
+      "version": "3.16.1",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.16.1.tgz",
+      "integrity": "sha512-O/KVcepU2z4GHjS73uWT2BE1ED9OZK1H5iD37gHqzJ6Lq55t5vekyMtqTdoadihgPeKYuamOUYBFes1rdUS3vQ==",
       "dependencies": {
         "@supercharge/promise-pool": "1.7.0",
-        "axios": "0.23.0",
+        "axios": "1.6.0",
         "colors": "1.4.0",
-        "debug": "4.3.1",
+        "debug": "4.3.4",
         "json-colorizer": "2.2.2",
         "slash": "3.0.0"
       },
@@ -84,34 +84,10 @@
         "npm": ">=8"
       }
     },
-    "node_modules/@accordproject/concerto-metamodel/node_modules/axios": {
-      "version": "0.23.0",
-      "resolved": "https://registry.npmjs.org/axios/-/axios-0.23.0.tgz",
-      "integrity": "sha512-NmvAE4i0YAv5cKq8zlDoPd1VLKAqX5oLuZKs8xkJa4qi6RGn0uhCYFjWtHHC9EM/MwOwYWOs53W+V0aqEXq1sg==",
-      "dependencies": {
-        "follow-redirects": "^1.14.4"
-      }
-    },
-    "node_modules/@accordproject/concerto-metamodel/node_modules/debug": {
-      "version": "4.3.1",
-      "resolved": "https://registry.npmjs.org/debug/-/debug-4.3.1.tgz",
-      "integrity": "sha512-doEwdvm4PCeK4K3RQN2ZC2BYUBaxwLARCqZmMjtF8a51J2Rb0xpVloFRnCODwqjpwnAoao4pelN8l3RJdv3gRQ==",
-      "dependencies": {
-        "ms": "2.1.2"
-      },
-      "engines": {
-        "node": ">=6.0"
-      },
-      "peerDependenciesMeta": {
-        "supports-color": {
-          "optional": true
-        }
-      }
-    },
     "node_modules/@accordproject/concerto-util": {
-      "version": "3.16.0",
-      "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.16.0.tgz",
-      "integrity": "sha512-X48NCENmjHzKXXBR4DqgtufOgy81e/15949lKJwlONc4xtcYNJBHI9Sdek2gt/eLHnsiAnWg4eMm6OprVC2pZg==",
+      "version": "3.16.5",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.16.5.tgz",
+      "integrity": "sha512-RDvdTs2RfSrtKf6Wh0TFGY1JvnvCUoLpVPYlqzwiliPVOFpO6PC52seXXuqhEWWGYQz2tiz1gqPuSOLkjVhXhg==",
       "dependencies": {
         "@supercharge/promise-pool": "1.7.0",
         "axios": "1.6.0",
@@ -876,9 +852,9 @@
       }
     },
     "node_modules/follow-redirects": {
-      "version": "1.15.4",
-      "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.15.4.tgz",
-      "integrity": "sha512-Cr4D/5wlrb0z9dgERpUL3LrmPKVDsETIJhaCMeDfuFYcqa5bldGV6wBsAN6X/vxlXQtFBMrXdXxdL8CbDTGniw==",
+      "version": "1.15.5",
+      "resolved": "https://registry.npmjs.org/follow-redirects/-/follow-redirects-1.15.5.tgz",
+      "integrity": "sha512-vSFWUON1B+yAw1VN4xMfxgn5fTUiaOzAJCKBwIIgT/+7CuGy9+r+5gITvP62j3RmaD5Ph65UaERdOSRGUzZtgw==",
       "funding": [
         {
           "type": "individual",
diff --git a/AccordProject.Concerto.Validate/concerto-validate/package.json b/AccordProject.Concerto.Validate/concerto-validate/package.json
index ae12da1..24ff77c 100644
--- a/AccordProject.Concerto.Validate/concerto-validate/package.json
+++ b/AccordProject.Concerto.Validate/concerto-validate/package.json
@@ -15,6 +15,6 @@
     "webpack-cli": "^5.1.4"
   },
   "dependencies": {
-    "@accordproject/concerto-core": "^3.16.0"
+    "@accordproject/concerto-core": "^3.16.5"
   }
 }