Section 14 of the Principal Act is amended as follows:

(a) by omitting from subsection (1) "Director" twice occurring and substituting "Regulator" ;

(b) by omitting from subsection (2)(a) "Director" and substituting "Regulator" ;

(c) by omitting from subsection (2)(b) "Director" twice occurring and substituting "Regulator" ;

(d) by omitting from subsection (3) "Director" and substituting "Regulator" ;

(e) by omitting from subsection (4) "Director" twice occurring and substituting "Regulator" .