Hydraulic regulating circuit for controlling a hydraulic setting cylinder , particularly an adjusting cylinder for a work roll in a roll stand, which comprises a cylindrical housing and a piston , which is arranged therein to be displaceable and which divides the housing interior into a first hydraulic chamber and a second hydraulic chamber , wherein the regulating circuit comprises: at least one first hydraulic valve arranged to load the first hydraulic chamber with a hydraulic fluid, wherein the hydraulic pressure of the first hydraulic chamber is settable by way of activation of the first hydraulic valve ; at least one second hydraulic valve arranged to load the second hydraulic chamber with a hydraulic fluid, wherein the hydraulic pressure of the second hydraulic chamber is settable by way of activation of the second hydraulic valve ; a regulating device (12 - 20), which is provided for activation of the two hydraulic valves and which is arranged in a position regulating state to activate the second hydraulic valve by a position regulating signal dependent on the work setting of the piston and to activate the first hydraulic valve by an adapted position regulating signal, which is a signal generated on the basis of the position regulating signal; characterised in that the regulating device (12 - 20 comprises a switching device which is arranged for switching between the position regulating state and a pressure regulating state, wherein in the position regulating state the first hydraulic valve (10 is, for positioning of the piston , so activated by the regulating device (12 - 20) that the hydraulic pressure in the first hydraulic chamber remains substantially constant, whilst the second hydraulic valve , activated by the position regulating signal, functions as setting element. at least one first hydraulic valve arranged to load the first hydraulic chamber with a hydraulic fluid, wherein the hydraulic pressure of the first hydraulic chamber is settable by way of activation of the first hydraulic valve ; at least one second hydraulic valve arranged to load the second hydraulic chamber with a hydraulic fluid, wherein the hydraulic pressure of the second hydraulic chamber is settable by way of activation of the second hydraulic valve ; a regulating device (12 - 20), which is provided for activation of the two hydraulic valves and which is arranged in a position regulating state to activate the second hydraulic valve by a position regulating signal dependent on the work setting of the piston and to activate the first hydraulic valve by an adapted position regulating signal, which is a signal generated on the basis of the position regulating signal; characterised in that the regulating device (12 - 20 comprises a switching device which is arranged for switching between the position regulating state and a pressure regulating state, wherein in the position regulating state the first hydraulic valve (10 is, for positioning of the piston , so activated by the regulating device (12 - 20) that the hydraulic pressure in the first hydraulic chamber remains substantially constant, whilst the second hydraulic valve , activated by the position regulating signal, functions as setting element. <EOS>