⁶¹The LAC co nsiders that a document may be app ropriate for incorp oratio n if— • the document is long or complex, covers technical matters only, and  few persons are likely to be affected • the document has been agreed  with a fore ign governm ent, and  canno t easily be recast into an Act or delegated legislation • it is appropriate for the document to be formulated by a specialist governmen t or inter- government agency or private  sector organisation, rather than by Parliament of Ministers • the document has been developed by an organisation for use in relation  to a product  (for exam ple, motor vehicles) manufacture d by it. See Part 6 and Appendix 4 Legislation Advisory Committee Guidelines 2003 Supplement to 2001 Edition. 40 and to ensure that there is proper consultation before material is incorporated, that the incorporated material is accessible, and that the status of any amendments is clear.⁶¹ 76 New Zealand  securities law has several sources. A primary statute, the Securities Act 1978, establishes a Securities Commission and defines its functions and powers, specifies the principal instruments for making public offerings, sets out remedies available to investors for material misstatements by issuers, enables the Commission to take offer documents off the market, and confers wide regulation-making powers for  regulating  advertising  and  the  content  of  offer  documents.  It  also  gives  the Securities Commission an exemption power. Detailed regulations relate to securities advertising and prescribe the information that must be included in different types of offer  document.  A  myriad  of  exemptions  granted  by  the  Commission  alter  the application  of the primary statute and the regulations in specific cases and also generally. 77 Legislation  dealing  with  disclosure  of  market  sensitive  information  by  public issuers, directors and officers of public issuers, and substantial security holders, insider trading, the regulation of securities exchanges, and futures is contained in another statute, the Securities Markets Act 1988 and in regulations made under it. Regulation of takeovers is found in another statute, the Takeovers Act 1994, a code made under that Act, the Takeovers Code 1999, and exemptions granted by the