6. A person (in this regulation and regulations 7 to 11, “P”) is eligible to be a member of the scheme if P—
(a)satisfies the criteria set out in regulation 7, 8 or 9; and
(b)is not a registered provider of social housing, or a wholly-owned subsidiary of a registered provider of social housing (and “wholly-owned subsidiary” has the meaning given in section 1159 of the Companies Act 2006(1)).