const regex = /(<TopicSet FormalName="PARENT1">)([\s\S]*?)(<\/TopicSet>)/mg;
// Alternative syntax using RegExp constructor
// const regex = new RegExp('(<TopicSet FormalName="PARENT1">)([\\s\\S]*?)(<\\\/TopicSet>)', 'mg')
const str = `<TopicSet FormalName="PARENT1">
<Topic>
<TopicType FormalName="Child1" />
</Topic>
<Topic>
<TopicType FormalName="Child2" />
</Topic>
<Topic>
<TopicType FormalName="Child3" />
</Topic>
</TopicSet>
<TopicSet FormalName="PARENT2">
<Topic>
<TopicType FormalName="Child1" />
</Topic>
<Topic>
<TopicType FormalName="Child2" />
</Topic>
<Topic>
<TopicType FormalName="Child3" />
</Topic>
</TopicSet>`;
const subst = `$1$2$3`;
// The substituted value will be contained in the result variable
const result = str.replace(regex, subst);
console.log('Substitution result: ', result);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for JavaScript, please visit: https://developer.mozilla.org/en/docs/Web/JavaScript/Guide/Regular_Expressions