Is it possible to have an external library of components for canvas, like how it was in flash?

To give some context. When using the old flash environment it was possible to have several .fla files and a central library.fla with all your component in it. When you would change a component in the library.fla and saved it, it could automatically make it so this change was also seen of every page that depended on it.

So what I'm trying to figure out if there is a way to do this is animate so that we can have a singular library file with the whole lib object in it so that when the canvas is created all the components come from this file so that it's a lot easier to update larger collections of pages without having to publish every single page again and again. And instead only having to replace the old library.fla or in this case probably library.html. In theory this should be possible but I have not found if it's a feature of the compiler or not.