its not a regulator as in a 7812 regulator ic, it is a regular pnp transistor used as a switch for SSB and as part of a regulator/modulator amp in AM, not sure about the one used in the later american radios but oures had a 2sa1012 with a 2sb525c and 2sc945 ssb switch, the dual final radios used a 2sb754 with a 2sa473 and a d471l for SSB switch,
people here used to blow the 1012 running them flat out on FM, i uprate the single final reg/mod circuit to the dual final parts and they handle the strain much better.