"Whilst we won’t be able to implement all planned improvements when the platform is first launched, a number of key changes will reflect the priorities highlighted in the survey."
Over 1,000 users and other Gabriel stakeholders shared their thoughts on the current system and the FCA said the feedback will help shape how it develops the new platform.
The feedback highlighted three key areas for improvements:
1. Accessing Gabriel – the feedback focused on the need for improvements to the speed of the system and support when accessing the system.
2. Viewing your Gabriel reporting schedule – largely related to the need for changes in the layout of the schedules and in viewing previous data submissions.
3. Submitting data – included the need for better guidance when making a data submission and advancements to the system’s data validation processes.
The FCA said the new platform will allow it to fix issues quicker and sooner and will have improved support guidance to make it easier to know where to go for help.
Users will be able to see previous submissions made in Gabriel and the regulator is also exploring ways to improve validations.
In a statement, the FCA said: "Whilst we won’t be able to implement all planned improvements when the platform is first launched, a number of key changes will reflect the priorities highlighted in the survey.
"Early changes to our platform will be technology focused, so initially there will be no change to the way firms currently provide data to us."
