Hedge funds are set to accept the US Securities and Exchange Commission's plan for compulsory registration.

Fewer than 45 managers responded to the SEC consultation, which closes this week. Two thirds of them agreed with the proposal, which would oblige hedge fund managers with over $25m (€21m) and more than 15 US investors to register with the SEC. If passed, the regulations would allow the US regulator to make unannounced checks.