DeVos et al conjectured that if $M$ is a simple, regular matroid and $c$ is a colouring of the elements of $M$ with $r(M)+1$ colours, where each colour class has at least two elements, then $M$ contains a rainbow circuit of size at most $\lceil \frac {r(M)+1}2 \rceil.$ We prove this conjecture by showing that for all such regular matroids there are four rainbow circuits $C_i,\ i = 1,2,3,4$ for which $\sum_i |C_i| \le 2r(M) +4$ and for which no element of $M$ belongs to more than two of the circuits.