Gabriel deadline extended after system failure

The system, introduced in September, went down last month after it was unable to cope with the amount of advisers registering. Gabriel - Gathering Better Regulatory Information Electronically - was introduced as an online way for 18,000 small firms to file data to the regulator, particularly the Retail Mediation Activities Return (RMAR). It was intended to cut out written submissions. But last month's glitches led to a number of brokers accusing the FSA of failing to introduce technology that can cope with the demands of the industry. A message on the Gabriel website says those due to...