Regarded two directions (4)
I believe the answer is:
seen
'regarded' is the definition.
'two directions' is the wordplay.
'two directions' means two replacements for 'directions'.
'directions' becomes 'se' (I've seen this in other clues).
'directions' becomes 'en' (I've seen this in other clues).
'se'+'en'='SEEN'
(Other definitions for seen that I've seen before include "watched" , "Observed or percieved" , "Witnessed" , "Noticed" , "Sighted" .)