It seems to me that they are removing the requirement for Ofsted to carry out an inspection of someone on Part A of the Childcare Register (note: nannies are on Part B, so does not apply to nannies at this stage) every 3 years.
The Childcare (Inspections) Regulations 2008, Provision 3 has been revoked along with a number of other provisions.
3.?(1) This regulation applies in the case of an early years provider who, immediately before 1st September 2008 was registered under section 79F of the 1989 Act and, on 1st September 2008, becomes registered in the early years register(1).
(2) An early years inspection must be conducted?
(a)within the period of 3 years beginning with 1st August 2009, and
(b)thereafter, within each period of 3 years beginning with the 1st August following the date of the previous early years inspection.
Looks to me that it has been replaced by all providers registered before 1st August 2012 must be inspected by 31 July 2016.
Then all providers registered on or after 1st August 2012 having an inspection within 3 years of 1st August following their registration.
So a childminder (on early years register) registered on 1st November 2012 would be inspected by 1st August 2016.
EYFS 2012 says that "3.74 Providers must make available to parents and/or carers details about how to contact Ofsted, if they believe the provider is not meeting the EYFS requirements. If providers become aware that they are to be inspected, they must notify parents and/or carers. After an inspection, providers must supply a copy of the report to parents and/or carers of children attending on a regular basis."
So after the inspection in 2016, I think that Ofsted will only be doing complaints visits inspections, which providers have to tell parents about and provide a copy of the report. Ofsted would continue to do the year 3 inspection of new providers.
Is that how you read it?