# The Transmissible Spongiform Encephalopathies (Wales) Regulations 2018, Paragraph 16: Valuations

Extent: E+W

(1) If the owner of an animal or product considers the compensation in the preceding paragraph to be unreasonable, a valuation must be carried out in accordance with the procedure laid down in regulation 12(3) to (7) with the owner paying any valuation fee arising.
(2) When carrying out a valuation under regulation 12 the valuer must value the animal or product at the price that might reasonably have been obtained for it at the time of valuation from a buyer in the open market as if the animal or product was not from a flock or herd affected by TSE.

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Source: https://www.legislation.gov.uk/wsi/2018/968/schedule/4/paragraph/16 (the official version)
Page: https://openlegislation.uk/transmissible-spongiform-encephalopathies-wales-regulations-2018/schedule-4/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.