BRUSSELS (Reuters) - Investors with 6.6 trillion euros in assets under management have urged the European Union not to weaken its sustainability rules, as Brussels draws up plans to cut red tape around green finance.

Investors representing €6.6 trillion ($6.76 trillion) in assets are warning Europe’s top lawmaker not to water down key sustainable finance regulations under moves to simplify the bloc’s rules.

With $6.8 trillion in assets under management, financial actors tell the EU it must stand firm against the U.S. President's agenda.