4.—(1) The Department may pay compensation where an animal that is not bovine, ovine or caprine is killed under paragraph 3.
(2) The compensation is the market value of the animal at the time it is killed.
(3) For the purposes of this regulation, the market value—
(a)must be determined in accordance with the procedure in regulation 12;
(b)must be the price that would reasonably be expected to have been obtained for the animal—
(i)from a buyer in the open market;
(ii)at the time of the valuation; and
(iii)on the assumption that the animal was not affected by a TSE; and
(c)represents the total amount of compensation payable for that animal.