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to regulate a watch is to retime your watch this is done by moving a bar (it is a bit more then this but is the basic idea) which has 2 pins on it with the hairspring inbetween you would place the watch on a timing machine which will show the rate of the watch per day the bar is then moved to the correct spot to give the correct timing note that correct timing would be -4 to +6 seconds per day.
This is very basic but I hope it give you an idea
Richard
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