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<h1>Regulation 10 requires issuers to include a term sheet with applications, aligning with offer documents and allowing electronic subscriptions.</h1> Regulation 10 of the Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 mandates that issuers and lead managers ensure every application form is accompanied by a term sheet. The term sheet must align with the offer document's content and provide adequate space for investor details. If the issuer is a corporate body under the Companies Act, 2013, the term sheet can be considered an abridged prospectus. Additionally, issuers may offer electronic subscription facilities. Recent amendments have updated terminologies from 'abridged prospectus' to 'term sheet' and from 'lead merchant banker' to 'lead manager.'