Section 27 of the Principal Act is amended as follows:

(a) by omitting from subsection (2) "it" and substituting "the Regulator" ;

(b) by omitting from subsection (2) "its" and substituting "his or her" ;

(c) by omitting from subsection (3) "itself" and substituting "himself or herself" ;

(d) by omitting from subsection (3) "it" and substituting "the Regulator" .