No, I don't think they require you to put a fuse there if it is the standard alternator
charging the starter
battery (but they do when you charge house batteries). Then again, I am no expert on ABYC. In fact, I think they impose no requirements at all, just suggestions.
I have 3 alternators on my
engine: the standard one which charges the starter
batteries (and uses the same cable as for starting) which has no fuse, and two extra ones that charge the house batteries, which do have a fuse each. And the
boat has the ABS approval so I guess it's okay.
On a down to logic level: the
wiring between starter battery (both positive and negative) and engine should be rated to easily carry the starter
current and also easily carry the alternator output
current. The alternator isn't going to output twice as much suddenly, but if you change to a high output alternator you might need bigger wires (which is forgotten sometimes).
Your 40A alternator doesn't sound like it could fry the cable that also starts the engine so you should be just fine without the fuse.
cheers,
Nick.