8. In regulation 5DDA (additional permitted subscription to an account other than a junior ISA account)—
(a)in paragraph (2)(e)—
(i)at the end of sub-paragraph (iii), omit “and”;
(ii)at the end of sub-paragraph (iv), for the full-stop substitute “; and”; and
(iii)after sub-paragraph (iv), insert—
“(v)in the case of an innovative finance account, paragraph (iv) shall apply but with the words from “title to” to “and another.” being substituted by “those assets remain under the management of the deceased’s account manager.”;
(b)after paragraph (3), insert—
“(3A) In respect of an innovative finance account, for the purposes of paragraph (3), the value of the account at the date of the deceased’s death is the combined value of the outstanding principal balance under those article 36H agreements in respect of which payments are due to be made to the account manager of the account investor and cash deposited by the account investor under regulations 6(4) to (6).”; and
(c)in paragraph (11)(b), after (ii) insert—
“(iii)the right to exercise the rights of the lender in respect of the outstanding principal balance under an article 36H agreement; and”.