The circuit shown is a rectifier regulator circuit for a three-phase motor cycle stator AC conversion to 14 V DC. The part I don't understand is that the diode bridges seem to allow the voltage directly back to the positive and negative buses. Since stator AC voltage will vary with RPM, and go as high as 45 volts AC, I am confused because the rectifier doesn't appear to me prevent the raw AC power to be controlled before going back to the DC return bus. But people have built this "instructable" circuit with success, so I am sure it's simply something I haven't grasped.