Sceptre engenders high regard (7)
I believe the answer is:
respect
'high regard' is the definition.
(I've seen this before)
'sceptre engenders' is the wordplay.
'engenders' indicates an anagram (I've seen 'engendered' mean this).
'sceptre' with letters rearranged gives 'RESPECT'.
(Other definitions for respect that I've seen before include "Due regard; admiration" , "Reverence" , "Appreciation" , "Due regard; detail" , "Pacific republic" .)