Yes, that is my take as well. It is unfortunate though that there are no health, safety and caregiver standards. I joined a local registry when I first started 7 years ago. They would give out my information to searching daycare parents only if my daycare passed certain criteria. My hubby and I had to have police checks, I had to have first aid and CPR (infant and toddler), my family was checked out through CSA, I had a health and safety inspection and a visit from a member of the fire department to make sure my home was up to code.
I was thrilled to comply as I wanted to feel confident I was providing a safe and healthy daycare for my clients who were equally grateful that they could look at all my documentation and know I was serious about my business and not just someone who wants to "babysit" kids. I wish I was required to go through a yearly mini version of these inspections just to ensure my future clients that my daycare still follows these guidelines instead of showing them 7 year old inspection forms.