; and (D) the adoption of a uniform fiduciary standard of conduct for brokers or dealers and investment advisors would adversely impact retail investor access to personalized and cost-effective investment advice, recommendations about securities, or the availability of such advice and recommendations. (4) Economic analysis The Commission’s conclusions contained in the report described in paragraph (3) shall be supported by economic analysis. (5) Requirements for promulgating a rule The Commission shall publish in the Federal Register alongside the rule promulgated pursuant to paragraph (1) formal findings that such rule would reduce confusion or harm to retail customers (and such other customers as the Commission may by rule provide) due to different standards of conduct applicable to brokers, dealers, and investment advisors. (6) Requirements under Investment Advisers Act of 1940 In proposing rules under paragraph (1) for brokers or dealers, the Commission shall consider the differences in the registration, supervision, and examination requirements applicable to brokers, dealers, and investment advisors. . 842. Exemption from risk retention requirements for nonresidential mortgage (a) In general Section 15G of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–11 ) is amended— (1) in subsection (a)— (A) in paragraph (3)(B), by striking and at the end; (B) in paragraph (4)(B), by striking the period and inserting ; and ; and (C) by adding at the end the following: (5) the term asset-backed security refers only to an asset-backed security that is comprised wholly of residential mortgages. ; (2) in subsection (b)— (A) by striking paragraph (1); and (B) by striking (2) Residential mortgages.— ; (3) by striking subsection (h) and redesignating subsection (i) as subsection (h); and (4) in subsection (h) (as so redesignated)— (A) by striking effective— and all that follows through (1) with respect to and inserting effective with respect to ; (B) in paragraph (1), by striking ; and and inserting a period