Elaine CHAN

Elaine CHAN is the Co-Head of the Financial Services Regulatory Practice.

She has extensive regulatory experience advising a broad spectrum of financial institutions on the structuring of their operations in Singapore for alignment with financial regulations. She regularly assists with licensing applications and the drafting of documentation to operationalise business models in compliance with financial regulations. Such documentation includes customer terms and conditions, account opening documentation, service level agreements for outsourced functions, compliance manuals and compliance matrices.

Her clients include banks, private banks, central banks, fund managers (including private equity), custodians, financial advisers, insurers, commodity traders, brokers/dealers and primary financial market infrastructures such as exchanges and clearing houses.

On the transactional side, she advises financial institutions on the regulatory implications arising from internal restructuring or mergers and acquisitions. She also assists to make the necessary applications for the relevant regulatory approvals for such transactions.

With the onset of the FinTech evolution, Elaine has advised on a variety of FinTech service offerings. Her clients include payment services providers intending to roll out innovative payment solutions involving e-money and/or cryptocurrency.

As regulatory regimes are constantly changing, Elaine also assists her clients to navigate changes in the regulatory landscape and to provide feedback to the regulators to promote practical and effective regulation. She regularly participates in the provision of training and round-tables on regulations and regulatory development.

Elaine graduated from the National University of Singapore and is admitted to the Singapore Bar.