# Article 13 — Application of post-trade transparency to certain types of transactions executed outside a trading venue (Article 20(1) of Regulation (EU) No 600/2014) **Commission Delegated Regulation (EU) 2017/587 · binding · OJ L 87, 31.3.2017 · dated 14 Jul 2016 [in force]** *In force · Consolidated version of 2 March 2026 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02017R0587-20260302)* The obligation in Article 20(1) of Regulation (EU) No 600/2014 shall not apply to the following: **(a)** excluded transactions listed under Article 2(5) of Commission Delegated Regulation (EU) 2017/590 where applicable. [Deleted by [Commission Delegated Regulation (EU) 2023/944](https://eur-lex.europa.eu/eli/reg_del/2023/944/oj) of 17 January 2023.] **(b)** give-up transactions or give-in transactions, which are any of the following transactions: **(i)** a transaction where an investment firm passes a client trade to, or receives a client trade from, another investment firm for post-trade processing; **(ii)** a transaction where an investment firm executing a trade passes it to, or receives it from, another investment firm for the purpose of hedging the position that it has committed to enter into with a client.