A lot of the free SO2 will be "bound" after the alcohol fermentation is nearly done and by the time you would normally add the mlf culture. Like Bonnie Joy said, there are cultures that can handle high free SO2 but I bet your free SO2 will not be all that high when the time comes to inoclulate with the culture.
However, be careful with Reginal fresh juice (non-strerilized)! I have been told that they adjust acid via malic and citiric rather than tartaric. Most of them do NOT do mlf because of this and because the TA and pH are at a good level. If you do a mlf on these juices, you may very well throw off the balance pretty bad.
One option is to forgo the mlf and use Lysozyme tofix theunstable wine and the potential unwantedspontaneous mlf later in the botlle.
Don't take my word for it. Do a Google search and find out what other people have to say that use it. Lots of folks on the East Coast use it. Or, better yet, contact the Regina folks and ask them directly about doing mlf.
Good luck.