Final answer:
Cheques of $50,000 or more under the Check Verification System (CVS) are subject to specific regulations and procedures.
Step-by-step explanation:
Cheques of $50,000 or more under the Check Verification System (CVS) are subject to specific regulations and procedures. When a cheque exceeds this amount, it typically undergoes additional scrutiny and verification to ensure its validity. This is done to prevent fraud and protect the financial institution and the account holder.