An adjustable shunt regulator circuit has two current paths in parallel, with each current path having a bipolar transistor therein with the bases of the bipolar transistors of the two current paths connected in common. One of the current paths has a high impedance node. A MOS transistor has a gate connected to the high impedance node, and a source and a drain. A resistor divide circuit is connected in parallel to the source and drain of the MOS transistor and provides the output of the regulator circuit. The resistor divide circuit has a first resistor connected in series with a second resistor at a first node. A feedback connects the first node to the bases of the bipolar transistors connected in common of the two current paths.