A pressure and delivery regulating device for an adjustable pump includes a directional control valve connected in a discharge conduit and to a control conduit branching from the discharge conduit between the pump and the directional control valve. The control conduit leads to a setting piston for the adjustment of the pump. The directional control valve is controlled by a solenoid which in turn is controlled by a control system consisting of a regulating circuit, a delivery limiting circuit and a control circuit for the solenoid. The output signal from the regulating circuit controls a desired delivery value signal supplied to the delivery limiting circuit. A follow-up circuit connected between the regulating circuit and the delivery limiting circuit corrects the regulating signal and a circuit for producing a direction dependent signal from the actual pressure provides a damping of the regulating circuit.