Elaine CHAN

Elaine Chan is a Partner and Co-Head of the Financial Services Regulatory Practice at WongPartnership, specialising in banking and finance law and financial services regulation. She advises a broad spectrum of financial institutions, including banks, private banks, central banks, fund managers, custodians, financial advisers, insurers, commodity traders, brokers and dealers, as well as financial market infrastructures such as exchanges and clearing houses, on structuring their operations in Singapore for alignment with financial regulations.

Elaine regularly assists with licensing applications and the drafting of documentation to operationalise business models in compliance with financial regulations, including customer terms and conditions, account opening documentation, service level agreements for outsourced functions, compliance manuals, and compliance matrices. She also advises financial institutions on the regulatory implications arising from internal restructuring or mergers and acquisitions, and assists with the necessary applications for regulatory approvals for such transactions. With the onset of the FinTech evolution, she has advised on a variety of FinTech service offerings, including payment services providers intending to roll out innovative payment solutions involving e-money and/or cryptocurrency.

Elaine holds an LL.B. (Hons) from the National University of Singapore and is admitted to the Singapore Bar.