The government can always develop regulations. I don't think any government has necessarily made changes to the act in the past, other than in 1988. Today, the act needs more than regulations; it needs structural changes. Regulations can apply only to parts of the act that already exist. If they don't exist, they can't be amended. A complete modernization means a review of the act in its entirety.
On December 8th, 2020. See this statement in context.