diff --git a/lerna.json b/lerna.json
index 9f21e8b90..3508bf4b5 100644
--- a/lerna.json
+++ b/lerna.json
@@ -2,6 +2,6 @@
   "packages": [
     "packages/*"
   ],
-  "version": "3.15.0",
+  "version": "3.16.0",
   "hoist": true
 }
diff --git a/package-lock.json b/package-lock.json
index 36972f4c1..2e7021a5c 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "concerto",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "concerto",
-      "version": "3.15.0",
+      "version": "3.16.0",
       "hasInstallScript": true,
       "devDependencies": {
         "colors": "1.4.0",
diff --git a/package.json b/package.json
index fd834a494..16b4fda73 100644
--- a/package.json
+++ b/package.json
@@ -17,7 +17,7 @@
   },
   "name": "concerto",
   "description": "You must install [Lerna](https://lernajs.io) to build this multi-package repository.",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "private": true,
   "scripts": {
     "coverage": "node ./scripts/coverage.js \"packages/concerto-*\" && nyc report -t coverage --cwd . --report-dir coverage --reporter=lcov && cat ./coverage/lcov.info",
diff --git a/packages/concerto-analysis/package-lock.json b/packages/concerto-analysis/package-lock.json
index 65286fd51..99cb94f86 100644
--- a/packages/concerto-analysis/package-lock.json
+++ b/packages/concerto-analysis/package-lock.json
@@ -1,19 +1,19 @@
 {
     "name": "@accordproject/concerto-analysis",
-    "version": "3.15.0",
+    "version": "3.16.0",
     "lockfileVersion": 3,
     "requires": true,
     "packages": {
         "": {
             "name": "@accordproject/concerto-analysis",
-            "version": "3.15.0",
+            "version": "3.16.0",
             "license": "Apache-2.0",
             "dependencies": {
-                "@accordproject/concerto-core": "3.15.0",
+                "@accordproject/concerto-core": "3.16.0",
                 "semver": "7.5.4"
             },
             "devDependencies": {
-                "@accordproject/concerto-cto": "3.15.0",
+                "@accordproject/concerto-cto": "3.16.0",
                 "@types/jest": "28.1.1",
                 "@types/semver": "7.3.10",
                 "@typescript-eslint/eslint-plugin": "5.27.1",
diff --git a/packages/concerto-analysis/package.json b/packages/concerto-analysis/package.json
index de3a35582..f23c8fbe6 100644
--- a/packages/concerto-analysis/package.json
+++ b/packages/concerto-analysis/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@accordproject/concerto-analysis",
-    "version": "3.15.0",
+    "version": "3.16.0",
     "description": "Analysis of Concerto model files",
     "homepage": "https://github.com/accordproject/concerto",
     "engines": {
@@ -32,11 +32,11 @@
     "author": "accordproject.org",
     "license": "Apache-2.0",
     "dependencies": {
-        "@accordproject/concerto-core": "3.15.0",
+        "@accordproject/concerto-core": "3.16.0",
         "semver": "7.5.4"
     },
     "devDependencies": {
-        "@accordproject/concerto-cto": "3.15.0",
+        "@accordproject/concerto-cto": "3.16.0",
         "@types/jest": "28.1.1",
         "@types/semver": "7.3.10",
         "@typescript-eslint/eslint-plugin": "5.27.1",
diff --git a/packages/concerto-core/package.json b/packages/concerto-core/package.json
index 0e0480ca3..d943907d3 100644
--- a/packages/concerto-core/package.json
+++ b/packages/concerto-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@accordproject/concerto-core",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "description": "Core Implementation for the Concerto Modeling Language",
   "homepage": "https://github.com/accordproject/concerto",
   "engines": {
@@ -71,9 +71,9 @@
     "yargs": "17.3.1"
   },
   "dependencies": {
-    "@accordproject/concerto-cto": "3.15.0",
+    "@accordproject/concerto-cto": "3.16.0",
     "@accordproject/concerto-metamodel": "3.9.0",
-    "@accordproject/concerto-util": "3.15.0",
+    "@accordproject/concerto-util": "3.16.0",
     "dayjs": "1.11.10",
     "debug": "4.3.4",
     "lorem-ipsum": "2.0.8",
diff --git a/packages/concerto-cto/package-lock.json b/packages/concerto-cto/package-lock.json
index e1b057052..3b1106545 100644
--- a/packages/concerto-cto/package-lock.json
+++ b/packages/concerto-cto/package-lock.json
@@ -1,16 +1,16 @@
 {
   "name": "@accordproject/concerto-cto",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@accordproject/concerto-cto",
-      "version": "3.15.0",
+      "version": "3.16.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@accordproject/concerto-metamodel": "3.9.0",
-        "@accordproject/concerto-util": "3.15.0",
+        "@accordproject/concerto-util": "3.16.0",
         "path-browserify": "1.0.1"
       },
       "devDependencies": {
diff --git a/packages/concerto-cto/package.json b/packages/concerto-cto/package.json
index 1744e92c4..d9d8c84f0 100644
--- a/packages/concerto-cto/package.json
+++ b/packages/concerto-cto/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@accordproject/concerto-cto",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "description": "Parser for Concerto CTO files",
   "homepage": "https://github.com/accordproject/concerto",
   "engines": {
@@ -57,7 +57,7 @@
   },
   "dependencies": {
     "@accordproject/concerto-metamodel": "3.9.0",
-    "@accordproject/concerto-util": "3.15.0",
+    "@accordproject/concerto-util": "3.16.0",
     "path-browserify": "1.0.1"
   },
   "browserslist": "> 0.25%, not dead",
diff --git a/packages/concerto-types/package-lock.json b/packages/concerto-types/package-lock.json
index 5f092c6cd..96ac3d28d 100644
--- a/packages/concerto-types/package-lock.json
+++ b/packages/concerto-types/package-lock.json
@@ -1,18 +1,18 @@
 {
     "name": "@accordproject/concerto-types",
-    "version": "3.15.0",
+    "version": "3.16.0",
     "lockfileVersion": 3,
     "requires": true,
     "packages": {
         "": {
             "name": "@accordproject/concerto-types",
-            "version": "3.15.0",
+            "version": "3.16.0",
             "license": "Apache-2.0",
             "devDependencies": {
                 "@accordproject/concerto-codegen": "3.17.0",
-                "@accordproject/concerto-core": "3.15.0",
+                "@accordproject/concerto-core": "3.16.0",
                 "@accordproject/concerto-metamodel": "3.9.0",
-                "@accordproject/concerto-util": "3.15.0",
+                "@accordproject/concerto-util": "3.16.0",
                 "@types/jest": "28.1.1",
                 "ajv": "8.12.0",
                 "eslint": "8.2.0",
diff --git a/packages/concerto-types/package.json b/packages/concerto-types/package.json
index 494271a91..5ae94b5f6 100644
--- a/packages/concerto-types/package.json
+++ b/packages/concerto-types/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@accordproject/concerto-types",
-    "version": "3.15.0",
+    "version": "3.16.0",
     "description": "Types for the Concerto Modeling Language",
     "homepage": "https://github.com/accordproject/concerto",
     "engines": {
@@ -34,9 +34,9 @@
     "license": "Apache-2.0",
     "devDependencies": {
         "@accordproject/concerto-codegen": "3.17.0",
-        "@accordproject/concerto-core": "3.15.0",
+        "@accordproject/concerto-core": "3.16.0",
         "@accordproject/concerto-metamodel": "3.9.0",
-        "@accordproject/concerto-util": "3.15.0",
+        "@accordproject/concerto-util": "3.16.0",
         "@types/jest": "28.1.1",
         "ajv": "8.12.0",
         "eslint": "8.2.0",
diff --git a/packages/concerto-util/package-lock.json b/packages/concerto-util/package-lock.json
index 8ef61d9ae..1d0843c31 100644
--- a/packages/concerto-util/package-lock.json
+++ b/packages/concerto-util/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@accordproject/concerto-util",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@accordproject/concerto-util",
-      "version": "3.15.0",
+      "version": "3.16.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@supercharge/promise-pool": "1.7.0",
diff --git a/packages/concerto-util/package.json b/packages/concerto-util/package.json
index 87d1aad49..6778ecbab 100644
--- a/packages/concerto-util/package.json
+++ b/packages/concerto-util/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@accordproject/concerto-util",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "description": "Utilities for Concerto Modeling Language",
   "homepage": "https://github.com/accordproject/concerto",
   "engines": {
diff --git a/packages/concerto-vocabulary/package-lock.json b/packages/concerto-vocabulary/package-lock.json
index 00580b9d5..794f2270e 100644
--- a/packages/concerto-vocabulary/package-lock.json
+++ b/packages/concerto-vocabulary/package-lock.json
@@ -1,19 +1,19 @@
 {
   "name": "@accordproject/concerto-vocabulary",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@accordproject/concerto-vocabulary",
-      "version": "3.15.0",
+      "version": "3.16.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@accordproject/concerto-metamodel": "3.9.0",
         "yaml": "2.2.2"
       },
       "devDependencies": {
-        "@accordproject/concerto-core": "3.15.0",
+        "@accordproject/concerto-core": "3.16.0",
         "chai": "4.3.6",
         "chai-as-promised": "7.1.1",
         "chai-things": "0.2.0",
diff --git a/packages/concerto-vocabulary/package.json b/packages/concerto-vocabulary/package.json
index b5a11f878..8a4a423ab 100644
--- a/packages/concerto-vocabulary/package.json
+++ b/packages/concerto-vocabulary/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@accordproject/concerto-vocabulary",
-  "version": "3.15.0",
+  "version": "3.16.0",
   "description": "Associate human-readable text to model declarations",
   "homepage": "https://github.com/accordproject/concerto",
   "engines": {
@@ -37,7 +37,7 @@
   "author": "accordproject.org",
   "license": "Apache-2.0",
   "devDependencies": {
-    "@accordproject/concerto-core": "3.15.0",
+    "@accordproject/concerto-core": "3.16.0",
     "chai": "4.3.6",
     "chai-as-promised": "7.1.1",
     "chai-things": "0.2.0",