Getting a monarch out of chancery is risky (6)
I believe the answer is:
chancy
'risky' is the definition.
(synonyms)
'getting a monarch out of chancery' is the wordplay.
I cannot really see how this works, but
'a' could be 'an' and 'an' is located in the answer.
This explanation may well be incorrect...
'is' is the link.
Can you help me to learn more?
(Other definitions for chancy that I've seen before include "Informally uncertain or risky" , "'Dodgy, dicey (6)'" .)