diff --git a/src/adapter/src/frontend_peek.rs b/src/adapter/src/frontend_peek.rs
index 65a552871a2ed..016365b994cc6 100644
--- a/src/adapter/src/frontend_peek.rs
+++ b/src/adapter/src/frontend_peek.rs
@@ -732,10 +732,16 @@ impl PeekClient {
                     )
                     .await?;
 
-                // If this is the first (non-AS OF) query in a multi-statement transaction, store
-                // the read holds in the coordinator, so subsequent queries can validate against
-                // them.
-                if in_immediate_multi_stmt_txn {
+                // If this query pins the timestamp of a multi-statement transaction, store
+                // the read holds in the coordinator, so subsequent queries can validate
+                // against them. The stored holds define the transaction's timedomain, so
+                // only the statement that determines the transaction timestamp may establish
+                // them, over the same id bundle. A timestamp-less determination (e.g. a
+                // constant query) doesn't pin the transaction timestamp, so its holds must
+                // not be stored.
+                if in_immediate_multi_stmt_txn
+                    && determination.timestamp_context.contains_timestamp()
+                {
                     self.call_coordinator(|tx| Command::StoreTransactionReadHolds {
                         conn_id: session.conn_id().clone(),
                         read_holds: read_holds.clone(),
diff --git a/test/sqllogictest/timedomain.slt b/test/sqllogictest/timedomain.slt
index cb18868631148..a99286d6bfc87 100644
--- a/test/sqllogictest/timedomain.slt
+++ b/test/sqllogictest/timedomain.slt
@@ -257,3 +257,63 @@ EOF
 
 statement ok
 COMMIT
+
+# Regression test for SQL-520: a timestamp-independent query must not extend
+# the transaction's timedomain. The frontend peek sequencing used to store the
+# read holds it acquired for a timestamp-independent query as the
+# transaction's read holds. A later statement then established the
+# transaction's timestamp determination over a smaller id bundle, but the
+# timedomain validation of subsequent statements ran against the stored
+# (larger) read hold set. Such statements could thus read collections whose
+# since was not covered by the transaction timestamp, leading to
+# SinceViolation panics.
+
+statement ok
+CREATE SCHEMA other
+
+statement ok
+CREATE VIEW other.const_view AS SELECT 1 AS x
+
+statement ok
+CREATE TABLE other.t2 (i INT)
+
+simple
+BEGIN;
+SELECT * FROM other.const_view;
+SELECT * FROM t;
+----
+COMPLETE 0
+1
+COMPLETE 1
+COMPLETE 0
+
+# `other.t2` is outside the timedomain established by `SELECT * FROM t`. The
+# constant view query must not have widened the timedomain to the `other`
+# schema.
+query error Transactions can only reference objects in the same timedomain.
+SELECT * FROM other.t2
+
+statement ok
+ROLLBACK
+
+# The same bug also affected statements sequenced by the old peek path
+# (EXECUTE always is): the stored read holds of the timestamp-independent
+# query made the old path validate the timedomain against them and spuriously
+# fail.
+simple
+BEGIN;
+SELECT * FROM other.const_view;
+PREPARE p AS SELECT * FROM t;
+EXECUTE p;
+----
+COMPLETE 0
+1
+COMPLETE 1
+COMPLETE 0
+COMPLETE 0
+
+statement ok
+ROLLBACK
+
+statement ok
+DROP SCHEMA other CASCADE