Regulation 11 Valuations

This regulation applies when a valuation is to be obtained under these Regulations.

The owner and the Scottish Ministers may agree a valuation.

If the owner and the Scottish Ministers cannot agree a valuation, they may jointly appoint a valuer.

If the owner and the Scottish Ministers cannot agree who to appoint as valuer, the President of the Institute of Auctioneers and Appraisers in Scotland M1 will nominate a valuer, and both the owner and the Scottish Ministers must accept the nomination.

The valuer will carry out the valuation and submit it and any other relevant information and documentation to the Scottish Ministers, and submit a copy to the owner.

The owner and a representative of the Scottish Ministers each have the right to be present at the valuation.

The valuation is binding on the owner and the Scottish Ministers.

In this regulation, “owner” means the owner of the animal or product in question.