How to elevate privileges only when required?

I don't believe that it is possible to elevate the currently running process. It is built into Windows Vista that administrator privileges are given to a process upon startup, as I understand. If you look at various programs that utilise UAC, you should see that they actually launch a separate process each time an administrative action needs to be performed (Task Manager is one, Paint.NET is another, the latter being a .NET application in fact).

The typical solution to this problem is to specify command line arguments when launching an elevated process (abatishchev's suggestion is one way to do this), so that the launched process knows only to display a certain dialog box, and then quit after this action has been completed. Thus it should hardly be noticeable to the user that a new process has been launched and then exited, and would rather appear as if a new dialog box within the same app has been opened (especially if you some hackery to make the main window of the elevated process a child of the parent process). If you don't need UI for the elevated access, even better.

For a full discussion of UAC on Vista, I recommend you see this very through article on the subject (code examples are in C++, but I suspect you'll need to use the WinAPI and P/Invoke to do most of the things in C# anyway). Hopefully you now at least see the right approach to take, though designing a UAC compliant program is far from trivial...

As it was said there:

Process.StartInfo.UseShellExecute = true;
Process.StartInfo.Verb = "runas";

will run the process as admin to do whatever you need with the registry, but return to your app with the normal privileges.

You need a UAC moniker and the code to run elevated as a COM object.

See this question.

Documentation on MSDN.