Swap it out for a new one, I would expect...
BTW, if you do this, get one for a K1200RS. It's the same fitting, but runs at 3.5 bar pressure. Steptoe posted this suggestion a couple of years ago & I just changed mine before going to the TT this year. It made a noticeable difference to the throttle response & the way the bike ran from 5k rpm & beyond. The cost of the part is the same, whichever version of the regulator you go for.
HTH,