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Hi as you look down on the balance (picture), there are two projections , one at six oclock, this is ths balance spring stud and ond at nine oclock this is the regulator (two pins) .  this moves in an arc around the periphery of the balance spring (outer coil). Moving it towards the stud will lenghten the spring and slow it down and moving away from the stud speeds it up. If the stud support moves this alters the beat of the movement, the tick and toc and will have an effect on nthe running of the watch.

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