Sorry, but that ain't a precondition. It is an Israeli OBLIGATION under the 2003 Road Map Agreement. Which is listed in Article 5 of the recent Quartet statement, which Regev would see if he bothered to get off his arse and read it.
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1 killed, several seriously injured in bus crash in Kochav Hashahar, West Bank (Haaretz)
from the article: Israel says 'ready for talks on all core issues' with Palestinians