Penny Sheerin Penny Sheerin

Penny Sheerin


Financial services regulation
Investment funds & superannuation

An expert in financial services laws, Penny advises extensively on the full range of legislation affecting financial service providers, such as fund managers, insurers, financial advisers, brokers, discretionary investment management service providers, derivatives issuers, non-bank deposit takers and payments system providers.

She counsels clients on the establishment, restructuring, distribution and compliance of financial products, including KiwiSaver. Penny also advises on mergers and acquisitions and corporate restructurings in the financial services industry. She is experienced in obtaining licenses, and has managed numerous applications to, and negotiations with supervisors and regulators, including the Financial Markets Authority, Takeovers Panel, NZX, Companies Office and Reserve Bank of New Zealand.

Penny works with a wide range of clients, from large institutions both locally and internationally to boutiques and start-ups. She is also a member of our Consulting advisory team

She is recognised as a Leading Lawyer by Chambers Asia Pacific 2024 and as a Leading Individual by Legal 500 Asia Pacific 2024.

Recent highlights

  • Advised on product design, establishment, restructuring and ongoing compliance of various managed investment scheme products (including tax efficient PIE structures) for clients including Westpac New Zealand and BT Funds Management entities, AMP entities, BNZ, Fisher Funds Management, Pie Funds Management, Nikko Asset Management, HSBC, First NZ Capital Investment Management, Russell and Trust Investments Management.
  • Led FMCA and FSLAA compliance and transitions for a range of clients, including obtaining licenses and preparing documentation, advising insurers and reinsurers on licensing and compliance with the Insurance (Prudential Supervision) Act including solvency standards, statutory funds and on regulated transfers of insurance products.
  • Drafted and negotiated numerous service provider, distribution, subscription, custody, registry and investment management agreements.
  • Advised on anti-money laundering law compliance, including preparation of compliance programmes and risk assessments.
  • Advised on cross-border securities and financial services law compliance, including advising on mutual recognition regime for funds offered in New Zealand by Australian responsible entities such as Colonial First State Investments, Aberdeen Asset Management, Janus Henderson, Schroders, Man Investments, Australian Unity Funds Management, Aurora Funds Management, Russell Investment Group and Ray White Investors.


  • Member of Aotearoa Circle Sustainable Finance Forum 1.0 Leadership Group
  • Chartered Member of the Institute of Directors

Penny's insights

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The future of banking in a time of turbulence

Even before the shocks created by the recent collapse of Silicon Valley Bank and Credit Suisse, the New Zealand banking system was undergoing a transformation which will make the next 10 years dramatically different to the last 80, says Chapman Tripp in The banking industry: a look ahead.

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Chapman Tripp proud to contribute to New Zealand’s first Stewardship Code

The 2022 Responsible Investment Aotearoa NZ Conference has seen the launch of New Zealand’s first Stewardship Code, which provides guiding principles for stewardship for responsible investors in New Zealand.

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Chapman Tripp takes the lead with consulting service

Responding to growing demand for combined legal and advisory work, we are New Zealand’s first large law firm to offer a local team of consultants – competing head-to-head with the ‘Big Four’.

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Certified commitment to environmental sustainability

We meet the requirements of Toitū's carbonreduce® certification programme, having measured our GHG emissions. We are committed to managing and reducing our carbon footprint.

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Chapman Tripp celebrates 2019 INFINZ winners

The sale of Seequent to Accel-KKR and the subsequent Seequent acquisition of Geosoft (financial advisor: Murray & Co) and Milford Asset Management, are this year’s winners...

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Impact investment poised for lift off

​Increasing investor interest, evolving data capability and rapid advances in markets are aligning to create the conditions for a growth surge in impact investment in New Zealand.

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