Just a quick heads up for any UK owners that may need a replacement voltage regulator. I bought an R6 style regulator from WeMoto.com.
£70 got me the regulatorthat already had a wiring adapter loom on it. It was really easy to install and should hopefully last a while. All that was needed was some longer bolts to secure the regulator in place.
Old regulator. The hole is where the smoke was coming out shortly after start up.

New Regulator:

Installed:
