(1)The regulator shall include in the register under section 111 on its establishment anyone—
(a)who was registered under section 1 of the Housing Act 1996 (c. 52) (register of social landlords) immediately before section 61 came into force, and
(b)in relation to whom the Relevant Authority was the Housing Corporation (in accordance with section 56 of that Act).
(2)A person registered under this section shall be designated as a non-profit organisation.