These Rules set out the types of securities eligible for investment by pension funds and IMPAs and provide the pension funds and IMPAs with general investment guidelines. The new Rules set forth the list of financial instruments eligible for investment, terms and procedures for investment, and the procedure for transfer of pension assets from one IMPA to another. The new Rules also introduce certain requirements in respect of transactions with financial instruments, including derivatives with foreign counterparties. The new Rules contain a revised list of approved financial instruments for pension funds and IMPAs as of 1 January 2012. In accordance with the Rules, as of 1 January 2012 the investment securities portfolios of pension funds and IMPAs must be divided into three categories – conservative, moderate and aggressive. The provisions of the FMSA decree regulating the risk segregation of the portfolio becomes effective 1 January 2012.