SEGA has released the Virtua Fighter 5 Ultimate Showdown update 1.20 patch, and this implements “Regular Tournament” mode, alongisde bug fixes and other stuff.
Virtua Fighter 5 Ultimate Showdown Update 1.20 Patch Notes | Virtua Fighter 5 Update 1.20 Patch Notes for Sept. 30:
■ Implementation of “Regular Tournament (β)” mode
・ It is an open tournament held every weekend (Saturday 21:00 / Sunday 06:00 / Sunday 15:00 all Japan time).
・ Matching content varies depending on the type of tournament.
・ You can get special titles and dan experience points depending on the ranking.
* Dan experience points will be reflected during battles where experience points will fluctuate after the tournament.
* The acquired title can be used for one week.
・ During the regular tournament main battle, there is no change in the rank experience value when defeated.
■ Add trophy
-Added trophies related to “Team Battle” and “Regular Tournament”.
* If you have already met the conditions for the “Team Battle” trophy,
you will need to play the match again in “One of the room match formats” to obtain it.
■ Bug fixes
-Fixed a bug that rarely killed when the “Genesis” stage was selected.
-Fixed other minor bugs.
That seems to be it. This is via Google translate, so it might read funny,
Source: Virtua Fighter