diff --git a/package-lock.json b/package-lock.json
index 1aa70da3..586b7d2d 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -13,7 +13,7 @@
         "./packages/*"
       ],
       "devDependencies": {
-        "@accordproject/concerto-core": "3.9.1",
+        "@accordproject/concerto-core": "3.16.9",
         "browserify-zlib": "^0.2.0",
         "colors": "1.4.0",
         "coveralls": "3.0.4",
@@ -36,26 +36,32 @@
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-      "license": "Apache-2.0",
-      "dependencies": {
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-        "@accordproject/concerto-metamodel": "3.8.0",
-        "@accordproject/concerto-util": "3.9.1",
-        "dayjs": "1.10.8",
-        "debug": "4.3.1",
-        "lorem-ipsum": "2.0.3",
+      "version": "3.16.9",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-core/-/concerto-core-3.16.9.tgz",
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+      "dependencies": {
+        "@accordproject/concerto-cto": "3.16.9",
+        "@accordproject/concerto-metamodel": "3.9.1",
+        "@accordproject/concerto-util": "3.16.9",
+        "dayjs": "1.11.10",
+        "debug": "4.3.4",
+        "lorem-ipsum": "2.0.8",
         "randexp": "0.5.3",
         "semver": "7.5.4",
         "slash": "3.0.0",
         "urijs": "1.19.11",
-        "uuid": "8.3.2"
+        "uuid": "9.0.1"
       },
       "engines": {
         "node": ">=16",
         "npm": ">=8"
       }
     },
+    "node_modules/@accordproject/concerto-core/node_modules/dayjs": {
+      "version": "1.11.10",
+      "resolved": "https://registry.npmjs.org/dayjs/-/dayjs-1.11.10.tgz",
+      "integrity": "sha512-vjAczensTgRcqDERK0SR2XMwsF/tSvnvlv6VcF2GIhg6Sx4yOIt/irsr1RDJsKiIyBzJDpCoXiWWq28MqH2cnQ=="
+    },
     "node_modules/@accordproject/concerto-core/node_modules/semver": {
       "version": "7.5.4",
       "license": "ISC",
@@ -69,12 +75,25 @@
         "node": ">=10"
       }
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+    "node_modules/@accordproject/concerto-core/node_modules/uuid": {
+      "version": "9.0.1",
+      "resolved": "https://registry.npmjs.org/uuid/-/uuid-9.0.1.tgz",
+      "integrity": "sha512-b+1eJOlsR9K8HJpow9Ok3fiWOWSIcIzXodvv0rQjVoOVNpWMpxf1wZNpt4y9h10odCNrqnYp1OBzRktckBe3sA==",
+      "funding": [
+        "https://github.com/sponsors/broofa",
+        "https://github.com/sponsors/ctavan"
+      ],
+      "bin": {
+        "uuid": "dist/bin/uuid"
+      }
+    },
     "node_modules/@accordproject/concerto-cto": {
-      "version": "3.9.1",
-      "license": "Apache-2.0",
+      "version": "3.16.9",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-cto/-/concerto-cto-3.16.9.tgz",
+      "integrity": "sha512-XSfcChnEjaS32vflUqDE628N/hiKFPANNtmI1yrfuGoyHK1kna3L1XwBHCSaJEtKla0TomdjJCirp6YTO5Zp1A==",
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-        "@accordproject/concerto-metamodel": "3.8.0",
-        "@accordproject/concerto-util": "3.9.1",
+        "@accordproject/concerto-metamodel": "3.9.1",
+        "@accordproject/concerto-util": "3.16.9",
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@@ -83,10 +102,12 @@
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     "node_modules/@accordproject/concerto-metamodel": {
-      "version": "3.8.0",
-      "license": "Apache-2.0",
+      "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": "3.7.0"
+        "@accordproject/concerto-util": "3.16.1",
+        "@types/node": "20.7.0"
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@@ -94,29 +115,54 @@
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-      "version": "3.7.0",
-      "license": "Apache-2.0",
+      "version": "3.16.1",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.16.1.tgz",
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       "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"
       },
       "engines": {
-        "node": ">=14",
-        "npm": ">=6"
+        "node": ">=16",
+        "npm": ">=8"
+      }
+    },
+    "node_modules/@accordproject/concerto-metamodel/node_modules/axios": {
+      "version": "1.6.0",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.0.tgz",
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+        "form-data": "^4.0.0",
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+      "resolved": "https://registry.npmjs.org/form-data/-/form-data-4.0.0.tgz",
+      "integrity": "sha512-ETEklSGi5t0QMZuiXoA/Q6vcnxcLQP5vdugSpuAyi6SVGi2clPPp+xgEhuMaHC+zGgn31Kd235W35f7Hykkaww==",
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+        "combined-stream": "^1.0.8",
+        "mime-types": "^2.1.12"
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     },
     "node_modules/@accordproject/concerto-util": {
-      "version": "3.9.1",
-      "license": "Apache-2.0",
+      "version": "3.16.9",
+      "resolved": "https://registry.npmjs.org/@accordproject/concerto-util/-/concerto-util-3.16.9.tgz",
+      "integrity": "sha512-Q62s7a0zMCZMbOIybe20mnauB5+oqkwEeKlsrvg2QrkK0q3o7XvWkr3Zot2AncSwkQC3U6+rfuGiBvdyJNJ7Hw==",
       "dependencies": {
         "@supercharge/promise-pool": "1.7.0",
-        "axios": "0.23.0",
+        "axios": "1.6.8",
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-        "debug": "4.3.1",
+        "debug": "4.3.4",
         "json-colorizer": "2.2.2",
         "slash": "3.0.0"
       },
@@ -125,6 +171,29 @@
         "npm": ">=8"
       }
     },
+    "node_modules/@accordproject/concerto-util/node_modules/axios": {
+      "version": "1.6.8",
+      "resolved": "https://registry.npmjs.org/axios/-/axios-1.6.8.tgz",
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+      "dependencies": {
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+        "form-data": "^4.0.0",
+        "proxy-from-env": "^1.1.0"
+      }
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+    "node_modules/@accordproject/concerto-util/node_modules/form-data": {
+      "version": "4.0.0",
+      "resolved": "https://registry.npmjs.org/form-data/-/form-data-4.0.0.tgz",
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+        "combined-stream": "^1.0.8",
+        "mime-types": "^2.1.12"
+      },
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+        "node": ">= 6"
+      }
+    },
     "node_modules/@accordproject/markdown-cicero": {
       "resolved": "packages/markdown-cicero",
       "link": true
@@ -170,11 +239,13 @@
       "link": true
     },
     "node_modules/@ampproject/remapping": {
-      "version": "2.1.2",
+      "version": "2.3.0",
+      "resolved": "https://registry.npmjs.org/@ampproject/remapping/-/remapping-2.3.0.tgz",
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-      "license": "Apache-2.0",
       "dependencies": {
-        "@jridgewell/trace-mapping": "^0.3.0"
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+        "@jridgewell/trace-mapping": "^0.3.24"
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@@ -262,117 +333,48 @@
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-        "chalk": "^2.4.2"
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+        "@babel/helpers": "^7.24.6",
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         "debug": "^4.1.0",
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-        "json5": "^2.1.2",
-        "semver": "^6.3.0"
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@@ -382,6 +384,12 @@
         "url": "https://opencollective.com/babel"
       }
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@@ -391,14 +399,14 @@
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-        "@jridgewell/gen-mapping": "^0.3.2",
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@@ -428,21 +436,19 @@
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-        "@babel/helper-validator-option": "^7.22.5",
-        "browserslist": "^4.21.9",
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@@ -545,33 +551,34 @@
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+      "version": "1.1.5",
+      "resolved": "https://registry.npmjs.org/wide-align/-/wide-align-1.1.5.tgz",
+      "integrity": "sha512-eDMORYaPNZ4sQIuuYPDHdQvf4gyCF9rEEV/yPxGfwPkRodwEgiMUUXTx/dex+Me0wxx53S+NgUHaP7y3MGlDmg==",
+      "optional": true,
+      "peer": true,
+      "dependencies": {
+        "string-width": "^1.0.2 || 2 || 3 || 4"
+      }
+    },
     "node_modules/wildcard": {
       "version": "2.0.1",
       "dev": true,
@@ -11755,7 +12103,7 @@
       "version": "0.16.22",
       "license": "Apache-2.0",
       "dependencies": {
-        "@accordproject/concerto-core": "3.9.1",
+        "@accordproject/concerto-core": "3.16.9",
         "@accordproject/markdown-common": "*",
         "@accordproject/markdown-it-cicero": "*",
         "markdown-it": "^13.0.1",
@@ -11782,7 +12130,7 @@
       "version": "0.16.22",
       "license": "Apache-2.0",
       "dependencies": {
-        "@accordproject/concerto-util": "3.9.1",
+        "@accordproject/concerto-util": "3.16.9",
         "@accordproject/markdown-transform": "*",
         "jsome": "2.5.0",
         "winston": "3.2.1",
@@ -11812,7 +12160,7 @@
       "version": "0.16.22",
       "license": "Apache-2.0",
       "dependencies": {
-        "@accordproject/concerto-core": "3.9.1",
+        "@accordproject/concerto-core": "3.16.9",
         "@xmldom/xmldom": "^0.8.1",
         "markdown-it": "^13.0.1",
         "winston": "3.2.1"
@@ -11877,6 +12225,45 @@
         "npm": ">=9"
       }
     },
+    "packages/markdown-docx/node_modules/@babel/core": {
+      "version": "7.17.5",
+      "resolved": "https://registry.npmjs.org/@babel/core/-/core-7.17.5.tgz",
+      "integrity": "sha512-/BBMw4EvjmyquN5O+t5eh0+YqB3XXJkYD2cjKpYtWOfFy4lQ4UozNSmxAcWT8r2XtZs0ewG+zrfsqeR15i1ajA==",
+      "dev": true,
+      "dependencies": {
+        "@ampproject/remapping": "^2.1.0",
+        "@babel/code-frame": "^7.16.7",
+        "@babel/generator": "^7.17.3",
+        "@babel/helper-compilation-targets": "^7.16.7",
+        "@babel/helper-module-transforms": "^7.16.7",
+        "@babel/helpers": "^7.17.2",
+        "@babel/parser": "^7.17.3",
+        "@babel/template": "^7.16.7",
+        "@babel/traverse": "^7.17.3",
+        "@babel/types": "^7.17.0",
+        "convert-source-map": "^1.7.0",
+        "debug": "^4.1.0",
+        "gensync": "^1.0.0-beta.2",
+        "json5": "^2.1.2",
+        "semver": "^6.3.0"
+      },
+      "engines": {
+        "node": ">=6.9.0"
+      },
+      "funding": {
+        "type": "opencollective",
+        "url": "https://opencollective.com/babel"
+      }
+    },
+    "packages/markdown-docx/node_modules/semver": {
+      "version": "6.3.1",
+      "resolved": "https://registry.npmjs.org/semver/-/semver-6.3.1.tgz",
+      "integrity": "sha512-BR7VvDCVHO+q2xBEWskxS6DJE1qRnb7DxzUrogb71CWoSficBxYsiAGd+Kl0mmq/MprG9yArRkyrQxTO6XjMzA==",
+      "dev": true,
+      "bin": {
+        "semver": "bin/semver.js"
+      }
+    },
     "packages/markdown-html": {
       "name": "@accordproject/markdown-html",
       "version": "0.16.22",
@@ -11921,6 +12308,45 @@
         "npm": ">=9"
       }
     },
+    "packages/markdown-html/node_modules/@babel/core": {
+      "version": "7.17.5",
+      "resolved": "https://registry.npmjs.org/@babel/core/-/core-7.17.5.tgz",
+      "integrity": "sha512-/BBMw4EvjmyquN5O+t5eh0+YqB3XXJkYD2cjKpYtWOfFy4lQ4UozNSmxAcWT8r2XtZs0ewG+zrfsqeR15i1ajA==",
+      "dev": true,
+      "dependencies": {
+        "@ampproject/remapping": "^2.1.0",
+        "@babel/code-frame": "^7.16.7",
+        "@babel/generator": "^7.17.3",
+        "@babel/helper-compilation-targets": "^7.16.7",
+        "@babel/helper-module-transforms": "^7.16.7",
+        "@babel/helpers": "^7.17.2",
+        "@babel/parser": "^7.17.3",
+        "@babel/template": "^7.16.7",
+        "@babel/traverse": "^7.17.3",
+        "@babel/types": "^7.17.0",
+        "convert-source-map": "^1.7.0",
+        "debug": "^4.1.0",
+        "gensync": "^1.0.0-beta.2",
+        "json5": "^2.1.2",
+        "semver": "^6.3.0"
+      },
+      "engines": {
+        "node": ">=6.9.0"
+      },
+      "funding": {
+        "type": "opencollective",
+        "url": "https://opencollective.com/babel"
+      }
+    },
+    "packages/markdown-html/node_modules/semver": {
+      "version": "6.3.1",
+      "resolved": "https://registry.npmjs.org/semver/-/semver-6.3.1.tgz",
+      "integrity": "sha512-BR7VvDCVHO+q2xBEWskxS6DJE1qRnb7DxzUrogb71CWoSficBxYsiAGd+Kl0mmq/MprG9yArRkyrQxTO6XjMzA==",
+      "dev": true,
+      "bin": {
+        "semver": "bin/semver.js"
+      }
+    },
     "packages/markdown-it-cicero": {
       "name": "@accordproject/markdown-it-cicero",
       "version": "0.16.22",
@@ -12011,6 +12437,61 @@
         "npm": ">=9"
       }
     },
+    "packages/markdown-pdf/node_modules/@babel/core": {
+      "version": "7.17.5",
+      "resolved": "https://registry.npmjs.org/@babel/core/-/core-7.17.5.tgz",
+      "integrity": "sha512-/BBMw4EvjmyquN5O+t5eh0+YqB3XXJkYD2cjKpYtWOfFy4lQ4UozNSmxAcWT8r2XtZs0ewG+zrfsqeR15i1ajA==",
+      "dev": true,
+      "dependencies": {
+        "@ampproject/remapping": "^2.1.0",
+        "@babel/code-frame": "^7.16.7",
+        "@babel/generator": "^7.17.3",
+        "@babel/helper-compilation-targets": "^7.16.7",
+        "@babel/helper-module-transforms": "^7.16.7",
+        "@babel/helpers": "^7.17.2",
+        "@babel/parser": "^7.17.3",
+        "@babel/template": "^7.16.7",
+        "@babel/traverse": "^7.17.3",
+        "@babel/types": "^7.17.0",
+        "convert-source-map": "^1.7.0",
+        "debug": "^4.1.0",
+        "gensync": "^1.0.0-beta.2",
+        "json5": "^2.1.2",
+        "semver": "^6.3.0"
+      },
+      "engines": {
+        "node": ">=6.9.0"
+      },
+      "funding": {
+        "type": "opencollective",
+        "url": "https://opencollective.com/babel"
+      }
+    },
+    "packages/markdown-pdf/node_modules/pdfjs-dist": {
+      "version": "2.13.216",
+      "resolved": "https://registry.npmjs.org/pdfjs-dist/-/pdfjs-dist-2.13.216.tgz",
+      "integrity": "sha512-qn/9a/3IHIKZarTK6ajeeFXBkG15Lg1Fx99PxU09PAU2i874X8mTcHJYyDJxu7WDfNhV6hM7bRQBZU384anoqQ==",
+      "dependencies": {
+        "web-streams-polyfill": "^3.2.0"
+      },
+      "peerDependencies": {
+        "worker-loader": "^3.0.8"
+      },
+      "peerDependenciesMeta": {
+        "worker-loader": {
+          "optional": true
+        }
+      }
+    },
+    "packages/markdown-pdf/node_modules/semver": {
+      "version": "6.3.1",
+      "resolved": "https://registry.npmjs.org/semver/-/semver-6.3.1.tgz",
+      "integrity": "sha512-BR7VvDCVHO+q2xBEWskxS6DJE1qRnb7DxzUrogb71CWoSficBxYsiAGd+Kl0mmq/MprG9yArRkyrQxTO6XjMzA==",
+      "dev": true,
+      "bin": {
+        "semver": "bin/semver.js"
+      }
+    },
     "packages/markdown-slate": {
       "name": "@accordproject/markdown-slate",
       "version": "0.16.22",
@@ -12041,8 +12522,8 @@
       "version": "0.16.22",
       "license": "Apache-2.0",
       "dependencies": {
-        "@accordproject/concerto-core": "3.9.1",
-        "@accordproject/concerto-cto": "3.9.1",
+        "@accordproject/concerto-core": "3.16.9",
+        "@accordproject/concerto-cto": "3.16.9",
         "@accordproject/markdown-cicero": "*",
         "@accordproject/markdown-common": "*",
         "@accordproject/markdown-it-template": "*",
@@ -12084,6 +12565,36 @@
         "npm": ">=9"
       }
     },
+    "packages/markdown-template/node_modules/@babel/core": {
+      "version": "7.17.5",
+      "resolved": "https://registry.npmjs.org/@babel/core/-/core-7.17.5.tgz",
+      "integrity": "sha512-/BBMw4EvjmyquN5O+t5eh0+YqB3XXJkYD2cjKpYtWOfFy4lQ4UozNSmxAcWT8r2XtZs0ewG+zrfsqeR15i1ajA==",
+      "dev": true,
+      "dependencies": {
+        "@ampproject/remapping": "^2.1.0",
+        "@babel/code-frame": "^7.16.7",
+        "@babel/generator": "^7.17.3",
+        "@babel/helper-compilation-targets": "^7.16.7",
+        "@babel/helper-module-transforms": "^7.16.7",
+        "@babel/helpers": "^7.17.2",
+        "@babel/parser": "^7.17.3",
+        "@babel/template": "^7.16.7",
+        "@babel/traverse": "^7.17.3",
+        "@babel/types": "^7.17.0",
+        "convert-source-map": "^1.7.0",
+        "debug": "^4.1.0",
+        "gensync": "^1.0.0-beta.2",
+        "json5": "^2.1.2",
+        "semver": "^6.3.0"
+      },
+      "engines": {
+        "node": ">=6.9.0"
+      },
+      "funding": {
+        "type": "opencollective",
+        "url": "https://opencollective.com/babel"
+      }
+    },
     "packages/markdown-template/node_modules/@types/estree": {
       "version": "0.0.50",
       "dev": true,
@@ -12126,6 +12637,15 @@
         "url": "https://opencollective.com/webpack"
       }
     },
+    "packages/markdown-template/node_modules/semver": {
+      "version": "6.3.1",
+      "resolved": "https://registry.npmjs.org/semver/-/semver-6.3.1.tgz",
+      "integrity": "sha512-BR7VvDCVHO+q2xBEWskxS6DJE1qRnb7DxzUrogb71CWoSficBxYsiAGd+Kl0mmq/MprG9yArRkyrQxTO6XjMzA==",
+      "dev": true,
+      "bin": {
+        "semver": "bin/semver.js"
+      }
+    },
     "packages/markdown-template/node_modules/webpack": {
       "version": "5.64.2",
       "dev": true,
@@ -12177,7 +12697,7 @@
       "version": "0.16.22",
       "license": "Apache-2.0",
       "dependencies": {
-        "@accordproject/concerto-core": "3.9.1",
+        "@accordproject/concerto-core": "3.16.9",
         "@accordproject/markdown-cicero": "*",
         "@accordproject/markdown-common": "*",
         "@accordproject/markdown-docx": "*",
@@ -12226,6 +12746,45 @@
         "node": ">=18",
         "npm": ">=9"
       }
+    },
+    "packages/markdown-transform/node_modules/@babel/core": {
+      "version": "7.17.5",
+      "resolved": "https://registry.npmjs.org/@babel/core/-/core-7.17.5.tgz",
+      "integrity": "sha512-/BBMw4EvjmyquN5O+t5eh0+YqB3XXJkYD2cjKpYtWOfFy4lQ4UozNSmxAcWT8r2XtZs0ewG+zrfsqeR15i1ajA==",
+      "dev": true,
+      "dependencies": {
+        "@ampproject/remapping": "^2.1.0",
+        "@babel/code-frame": "^7.16.7",
+        "@babel/generator": "^7.17.3",
+        "@babel/helper-compilation-targets": "^7.16.7",
+        "@babel/helper-module-transforms": "^7.16.7",
+        "@babel/helpers": "^7.17.2",
+        "@babel/parser": "^7.17.3",
+        "@babel/template": "^7.16.7",
+        "@babel/traverse": "^7.17.3",
+        "@babel/types": "^7.17.0",
+        "convert-source-map": "^1.7.0",
+        "debug": "^4.1.0",
+        "gensync": "^1.0.0-beta.2",
+        "json5": "^2.1.2",
+        "semver": "^6.3.0"
+      },
+      "engines": {
+        "node": ">=6.9.0"
+      },
+      "funding": {
+        "type": "opencollective",
+        "url": "https://opencollective.com/babel"
+      }
+    },
+    "packages/markdown-transform/node_modules/semver": {
+      "version": "6.3.1",
+      "resolved": "https://registry.npmjs.org/semver/-/semver-6.3.1.tgz",
+      "integrity": "sha512-BR7VvDCVHO+q2xBEWskxS6DJE1qRnb7DxzUrogb71CWoSficBxYsiAGd+Kl0mmq/MprG9yArRkyrQxTO6XjMzA==",
+      "dev": true,
+      "bin": {
+        "semver": "bin/semver.js"
+      }
     }
   }
 }
diff --git a/package.json b/package.json
index c5726006..2bf1ecc4 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "devDependencies": {
-    "@accordproject/concerto-core": "3.9.1",
+    "@accordproject/concerto-core": "3.16.9",
     "browserify-zlib": "^0.2.0",
     "colors": "1.4.0",
     "coveralls": "3.0.4",
diff --git a/packages/markdown-cicero/jest.config.js b/packages/markdown-cicero/jest.config.js
index c51f3133..aa7a223a 100644
--- a/packages/markdown-cicero/jest.config.js
+++ b/packages/markdown-cicero/jest.config.js
@@ -91,7 +91,9 @@ module.exports = {
     // ],
 
     // A map from regular expressions to module names that allow to stub out resources with a single module
-    // moduleNameMapper: {},
+    moduleNameMapper: {
+        '^axios$': 'axios/dist/axios.js'
+    },
 
     // An array of regexp pattern strings, matched against all module paths before considered 'visible' to the module loader
     // modulePathIgnorePatterns: [],
@@ -179,18 +181,18 @@ module.exports = {
     // timers: "real",
 
     // A map from regular expressions to paths to transformers
-    // transform: null,
+    // transform: {},
 
     // An array of regexp pattern strings that are matched against all source file paths, matched files will skip transformation
     // transformIgnorePatterns: [
-    //   "/node_modules/"
+    //     'node_modules'
     // ],
 
     // An array of regexp pattern strings that are matched against all modules before the module loader will automatically return a mock for them
     // unmockedModulePathPatterns: undefined,
 
     // Indicates whether each individual test should be reported during the run
-    // verbose: null,
+    verbose: true,
 
     // An array of regexp patterns that are matched against all source file paths before re-running tests in watch mode
     // watchPathIgnorePatterns: [],
diff --git a/packages/markdown-cicero/package.json b/packages/markdown-cicero/package.json
index 5166f232..ce94cefa 100644
--- a/packages/markdown-cicero/package.json
+++ b/packages/markdown-cicero/package.json
@@ -51,7 +51,7 @@
     "nyc": "15.1.0"
   },
   "dependencies": {
-    "@accordproject/concerto-core": "3.9.1",
+    "@accordproject/concerto-core": "3.16.9",
     "@accordproject/markdown-common": "*",
     "@accordproject/markdown-it-cicero": "*",
     "markdown-it": "^13.0.1",
diff --git a/packages/markdown-cli/package.json b/packages/markdown-cli/package.json
index 01875680..8850c093 100644
--- a/packages/markdown-cli/package.json
+++ b/packages/markdown-cli/package.json
@@ -54,7 +54,7 @@
     "tsd-jsdoc": "^2.3.0"
   },
   "dependencies": {
-    "@accordproject/concerto-util": "3.9.1",
+    "@accordproject/concerto-util": "3.16.9",
     "@accordproject/markdown-transform": "*",
     "jsome": "2.5.0",
     "winston": "3.2.1",
diff --git a/packages/markdown-common/jest.config.js b/packages/markdown-common/jest.config.js
index c51f3133..e4ae9554 100644
--- a/packages/markdown-common/jest.config.js
+++ b/packages/markdown-common/jest.config.js
@@ -91,7 +91,9 @@ module.exports = {
     // ],
 
     // A map from regular expressions to module names that allow to stub out resources with a single module
-    // moduleNameMapper: {},
+    moduleNameMapper: {
+        '^axios$': 'axios/dist/axios.js'
+    },
 
     // An array of regexp pattern strings, matched against all module paths before considered 'visible' to the module loader
     // modulePathIgnorePatterns: [],
diff --git a/packages/markdown-common/package.json b/packages/markdown-common/package.json
index 5e3a03c0..bb3739d4 100644
--- a/packages/markdown-common/package.json
+++ b/packages/markdown-common/package.json
@@ -51,7 +51,7 @@
     "nyc": "15.1.0"
   },
   "dependencies": {
-    "@accordproject/concerto-core": "3.9.1",
+    "@accordproject/concerto-core": "3.16.9",
     "@xmldom/xmldom": "^0.8.1",
     "markdown-it": "^13.0.1",
     "winston": "3.2.1"
diff --git a/packages/markdown-docx/jest.config.js b/packages/markdown-docx/jest.config.js
new file mode 100644
index 00000000..e724e204
--- /dev/null
+++ b/packages/markdown-docx/jest.config.js
@@ -0,0 +1,203 @@
+/*
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+'use strict';
+// For a detailed explanation regarding each configuration property, visit:
+// https://jestjs.io/docs/en/configuration.html
+
+module.exports = {
+    // All imported modules in your tests should be mocked automatically
+    // automock: false,
+
+    // Stop running tests after `n` failures
+    // bail: 0,
+
+    // Respect "browser" field in package.json when resolving modules
+    // browser: false,
+
+    // The directory where Jest should store its cached dependency information
+    // cacheDirectory: "/private/var/folders/tv/4ljndl3s2jg90nxd8h7f3bgr0000gn/T/jest_dx",
+
+    // Automatically clear mock calls and instances between every test
+    clearMocks: true,
+
+    // Indicates whether the coverage information should be collected while executing the test
+    // collectCoverage: false,
+
+    // An array of glob patterns indicating a set of files for which coverage information should be collected
+    collectCoverageFrom: [ 'src/**/*.js' ],
+
+    // The directory where Jest should output its coverage files
+    coverageDirectory: 'coverage',
+
+    // An array of regexp pattern strings used to skip coverage collection
+    coveragePathIgnorePatterns: [
+        '/src/',
+        '/node_modules/'
+    ],
+
+    // A list of reporter names that Jest uses when writing coverage reports
+    coverageReporters: [
+        'json',
+        'text',
+        'lcov',
+        'html'
+    ],
+
+    // An object that configures minimum threshold enforcement for coverage results
+    // coverageThreshold: null,
+
+    // A path to a custom dependency extractor
+    // dependencyExtractor: null,
+
+    // Make calling deprecated APIs throw helpful error messages
+    // errorOnDeprecated: false,
+
+    // Force coverage collection from ignored files using an array of glob patterns
+    // forceCoverageMatch: [],
+
+    // A path to a module which exports an async function that is triggered once before all test suites
+    // globalSetup: null,
+
+    // A path to a module which exports an async function that is triggered once after all test suites
+    // globalTeardown: null,
+
+    // A set of global variables that need to be available in all test environments
+    // globals: {},
+
+    // An array of directory names to be searched recursively up from the requiring module's location
+    // moduleDirectories: [
+    //   "node_modules"
+    // ],
+
+    // An array of file extensions your modules use
+    // moduleFileExtensions: [
+    //   "js",
+    //   "json",
+    //   "jsx",
+    //   "ts",
+    //   "tsx",
+    //   "node"
+    // ],
+
+    // A map from regular expressions to module names that allow to stub out resources with a single module
+    moduleNameMapper: {
+        '^axios$': 'axios/dist/axios.js'
+    },
+
+    // An array of regexp pattern strings, matched against all module paths before considered 'visible' to the module loader
+    // modulePathIgnorePatterns: [],
+
+    // Activates notifications for test results
+    // notify: false,
+
+    // An enum that specifies notification mode. Requires { notify: true }
+    // notifyMode: "failure-change",
+
+    // A preset that is used as a base for Jest's configuration
+    // preset: null,
+
+    // Run tests from one or more projects
+    // projects: null,
+
+    // Use this configuration option to add custom reporters to Jest
+    // reporters: undefined,
+
+    // Automatically reset mock state between every test
+    // resetMocks: false,
+
+    // Reset the module registry before running each individual test
+    // resetModules: false,
+
+    // A path to a custom resolver
+    // resolver: null,
+
+    // Automatically restore mock state between every test
+    // restoreMocks: false,
+
+    // The root directory that Jest should scan for tests and modules within
+    // rootDir: null,
+
+    // A list of paths to directories that Jest should use to search for files in
+    // roots: [
+    //   "<rootDir>"
+    // ],
+
+    // Allows you to use a custom runner instead of Jest's default test runner
+    // runner: "jest-runner",
+
+    // The paths to modules that run some code to configure or set up the testing environment before each test
+    // setupFiles: [],
+
+    // A list of paths to modules that run some code to configure or set up the testing framework before each test
+    // setupFilesAfterEnv: [],
+
+    // A list of paths to snapshot serializer modules Jest should use for snapshot testing
+    // snapshotSerializers: [],
+
+    // The test environment that will be used for testing
+    testEnvironment: 'node',
+
+    // Options that will be passed to the testEnvironment
+    // testEnvironmentOptions: {},
+
+    // Adds a location field to test results
+    // testLocationInResults: false,
+
+    // The glob patterns Jest uses to detect test files
+    // testMatch: [
+    //   "**/__tests__/**/*.[jt]s?(x)",
+    //   "**/?(*.)+(spec|test).[tj]s?(x)"
+    // ],
+
+    // An array of regexp pattern strings that are matched against all test paths, matched tests are skipped
+    // testPathIgnorePatterns: [
+    //   "/node_modules/"
+    // ],
+
+    // The regexp pattern or array of patterns that Jest uses to detect test files
+    // testRegex: [],
+
+    // This option allows the use of a custom results processor
+    // testResultsProcessor: null,
+
+    // This option allows use of a custom test runner
+    // testRunner: "jasmine2",
+
+    // This option sets the URL for the jsdom environment. It is reflected in properties such as location.href
+    // testURL: "http://localhost",
+
+    // Setting this value to "fake" allows the use of fake timers for functions such as "setTimeout"
+    // timers: "real",
+
+    // A map from regular expressions to paths to transformers
+    // transform: {},
+
+    // An array of regexp pattern strings that are matched against all source file paths, matched files will skip transformation
+    // transformIgnorePatterns: [
+    //     '/node_modules/'
+    // ],
+
+    // An array of regexp pattern strings that are matched against all modules before the module loader will automatically return a mock for them
+    // unmockedModulePathPatterns: undefined,
+
+    // Indicates whether each individual test should be reported during the run
+    // verbose: null,
+
+    // An array of regexp patterns that are matched against all source file paths before re-running tests in watch mode
+    // watchPathIgnorePatterns: [],
+
+    // Whether to use watchman for file crawling
+    // watchman: true,
+};
diff --git a/packages/markdown-html/jest.config.js b/packages/markdown-html/jest.config.js
index d8da3d7c..7e00e6eb 100644
--- a/packages/markdown-html/jest.config.js
+++ b/packages/markdown-html/jest.config.js
@@ -92,7 +92,9 @@ module.exports = {
     // ],
 
     // A map from regular expressions to module names that allow to stub out resources with a single module
-    // moduleNameMapper: {},
+    moduleNameMapper: {
+        '^axios$': 'axios/dist/axios.js'
+    },
 
     // An array of regexp pattern strings, matched against all module paths before considered 'visible' to the module loader
     // modulePathIgnorePatterns: [],
diff --git a/packages/markdown-pdf/jest.config.js b/packages/markdown-pdf/jest.config.js
index 3ab7e284..e1288260 100644
--- a/packages/markdown-pdf/jest.config.js
+++ b/packages/markdown-pdf/jest.config.js
@@ -92,7 +92,9 @@ module.exports = {
     // ],
 
     // A map from regular expressions to module names that allow to stub out resources with a single module
-    // moduleNameMapper: {},
+    moduleNameMapper: {
+        '^axios$': 'axios/dist/axios.js'
+    },
 
     // An array of regexp pattern strings, matched against all module paths before considered 'visible' to the module loader
     // modulePathIgnorePatterns: [],
diff --git a/packages/markdown-slate/jest.config.js b/packages/markdown-slate/jest.config.js
index c51f3133..e4ae9554 100644
--- a/packages/markdown-slate/jest.config.js
+++ b/packages/markdown-slate/jest.config.js
@@ -91,7 +91,9 @@ module.exports = {
     // ],
 
     // A map from regular expressions to module names that allow to stub out resources with a single module
-    // moduleNameMapper: {},
+    moduleNameMapper: {
+        '^axios$': 'axios/dist/axios.js'
+    },
 
     // An array of regexp pattern strings, matched against all module paths before considered 'visible' to the module loader
     // modulePathIgnorePatterns: [],
diff --git a/packages/markdown-template/lib/ModelVisitor.js b/packages/markdown-template/lib/ModelVisitor.js
index 1aad5b24..e68a8db0 100644
--- a/packages/markdown-template/lib/ModelVisitor.js
+++ b/packages/markdown-template/lib/ModelVisitor.js
@@ -14,7 +14,6 @@
 
 'use strict';
 
-var util = require('util');
 var {
   CommonMarkModel,
   TemplateMarkModel
@@ -47,10 +46,7 @@ class ModelVisitor {
     } else if ((_thing$isEnumValue = thing.isEnumValue) !== null && _thing$isEnumValue !== void 0 && _thing$isEnumValue.call(thing)) {
       return this.visitEnumValueDeclaration(thing, parameters);
     } else {
-      throw new Error('Unrecognised type: ' + typeof thing + ', value: ' + util.inspect(thing, {
-        showHidden: true,
-        depth: 2
-      }));
+      throw new Error('Unrecognised type: ' + typeof thing + ', value: ' + thing);
     }
   }
 
diff --git a/packages/markdown-template/lib/errorutil.js b/packages/markdown-template/lib/errorutil.js
index d2d5c311..340aab9d 100644
--- a/packages/markdown-template/lib/errorutil.js
+++ b/packages/markdown-template/lib/errorutil.js
@@ -40,7 +40,6 @@ function _throwTemplateExceptionForElement(message, element) {
       endColumn //XXX
     }
   };
-
   throw new TemplateException(message, fileLocation, fileName, null, 'markdown-template');
 }
 module.exports._throwTemplateExceptionForElement = _throwTemplateExceptionForElement;
\ No newline at end of file
diff --git a/packages/markdown-template/lib/templatemarkutil.js b/packages/markdown-template/lib/templatemarkutil.js
index cecd3c72..e3096652 100644
--- a/packages/markdown-template/lib/templatemarkutil.js
+++ b/packages/markdown-template/lib/templatemarkutil.js
@@ -14,9 +14,11 @@
 
 'use strict';
 
-function ownKeys(object, enumerableOnly) { var keys = Object.keys(object); if (Object.getOwnPropertySymbols) { var symbols = Object.getOwnPropertySymbols(object); enumerableOnly && (symbols = symbols.filter(function (sym) { return Object.getOwnPropertyDescriptor(object, sym).enumerable; })), keys.push.apply(keys, symbols); } return keys; }
-function _objectSpread(target) { for (var i = 1; i < arguments.length; i++) { var source = null != arguments[i] ? arguments[i] : {}; i % 2 ? ownKeys(Object(source), !0).forEach(function (key) { _defineProperty(target, key, source[key]); }) : Object.getOwnPropertyDescriptors ? Object.defineProperties(target, Object.getOwnPropertyDescriptors(source)) : ownKeys(Object(source)).forEach(function (key) { Object.defineProperty(target, key, Object.getOwnPropertyDescriptor(source, key)); }); } return target; }
-function _defineProperty(obj, key, value) { if (key in obj) { Object.defineProperty(obj, key, { value: value, enumerable: true, configurable: true, writable: true }); } else { obj[key] = value; } return obj; }
+function ownKeys(e, r) { var t = Object.keys(e); if (Object.getOwnPropertySymbols) { var o = Object.getOwnPropertySymbols(e); r && (o = o.filter(function (r) { return Object.getOwnPropertyDescriptor(e, r).enumerable; })), t.push.apply(t, o); } return t; }
+function _objectSpread(e) { for (var r = 1; r < arguments.length; r++) { var t = null != arguments[r] ? arguments[r] : {}; r % 2 ? ownKeys(Object(t), !0).forEach(function (r) { _defineProperty(e, r, t[r]); }) : Object.getOwnPropertyDescriptors ? Object.defineProperties(e, Object.getOwnPropertyDescriptors(t)) : ownKeys(Object(t)).forEach(function (r) { Object.defineProperty(e, r, Object.getOwnPropertyDescriptor(t, r)); }); } return e; }
+function _defineProperty(e, r, t) { return (r = _toPropertyKey(r)) in e ? Object.defineProperty(e, r, { value: t, enumerable: !0, configurable: !0, writable: !0 }) : e[r] = t, e; }
+function _toPropertyKey(t) { var i = _toPrimitive(t, "string"); return "symbol" == typeof i ? i : i + ""; }
+function _toPrimitive(t, r) { if ("object" != typeof t || !t) return t; var e = t[Symbol.toPrimitive]; if (void 0 !== e) { var i = e.call(t, r || "default"); if ("object" != typeof i) return i; throw new TypeError("@@toPrimitive must return a primitive value."); } return ("string" === r ? String : Number)(t); }
 var dayjs = require('dayjs');
 var utc = require('dayjs/plugin/utc');
 dayjs.extend(utc);
diff --git a/packages/markdown-template/lib/templaterules.js b/packages/markdown-template/lib/templaterules.js
index f08103a8..8bfe6ced 100644
--- a/packages/markdown-template/lib/templaterules.js
+++ b/packages/markdown-template/lib/templaterules.js
@@ -107,7 +107,6 @@ var ifCloseRule = {
     }
     delete node.nodes; // Delete children (now in whenTrue or whenFalse)
   },
-
   skipEmpty: false
 };
 var elseRule = {
@@ -125,7 +124,6 @@ var elseRule = {
       node.nodes = []; // Reset children (now in whenSome)
     }
   },
-
   skipEmpty: false
 };
 var optionalOpenRule = {
@@ -154,7 +152,6 @@ var optionalCloseRule = {
     }
     delete node.nodes; // Delete children (now in whenSome or whenNone)
   },
-
   skipEmpty: false
 };
 var withOpenRule = {
diff --git a/packages/markdown-template/package.json b/packages/markdown-template/package.json
index 5e1b12e3..2263c13d 100644
--- a/packages/markdown-template/package.json
+++ b/packages/markdown-template/package.json
@@ -79,8 +79,8 @@
     "webpack-cli": "4.9.1"
   },
   "dependencies": {
-    "@accordproject/concerto-core": "3.9.1",
-    "@accordproject/concerto-cto": "3.9.1",
+    "@accordproject/concerto-core": "3.16.9",
+    "@accordproject/concerto-cto": "3.16.9",
     "@accordproject/markdown-cicero": "*",
     "@accordproject/markdown-common": "*",
     "@accordproject/markdown-it-template": "*",
diff --git a/packages/markdown-transform/jest.config.js b/packages/markdown-transform/jest.config.js
index 48c58d3d..4a8345ce 100644
--- a/packages/markdown-transform/jest.config.js
+++ b/packages/markdown-transform/jest.config.js
@@ -76,9 +76,9 @@ module.exports = {
     // globals: {},
 
     // An array of directory names to be searched recursively up from the requiring module's location
-    // moduleDirectories: [
-    //   "node_modules"
-    // ],
+    moduleNameMapper: {
+        '^axios$': 'axios/dist/axios.js'
+    },
 
     // An array of file extensions your modules use
     // moduleFileExtensions: [
diff --git a/packages/markdown-transform/package.json b/packages/markdown-transform/package.json
index 7d7662c1..b0799e4a 100644
--- a/packages/markdown-transform/package.json
+++ b/packages/markdown-transform/package.json
@@ -82,7 +82,7 @@
     "webpack-cli": "4.9.1"
   },
   "dependencies": {
-    "@accordproject/concerto-core": "3.9.1",
+    "@accordproject/concerto-core": "3.16.9",
     "@accordproject/markdown-cicero": "*",
     "@accordproject/markdown-common": "*",
     "@accordproject/markdown-docx": "*",