A valve system for a hydraulic emergency driving gear function of a hydraulic control unit for a motor vehicle automatic transmission includes a position valve (104) with a first piston slide (120) and an electromagnetic pressure regulator (86) having a decreasing characteristic curve. The first piston slide (120) is preloaded in a first position. When the first piston slide (120) is in a second position, the electromagnetic pressure regulator (86) is configured for connecting a system pressure-carrying line (18) of the motor vehicle automatic transmission to a first emergency driving gear clutch (12) of the motor vehicle automatic transmission and to a second emergency driving gear clutch (15) of the motor vehicle automatic transmission, whereby the first emergency driving gear clutch (12) and the second emergency driving gear clutch (15) are actuated, so that an emergency driving gear of the motor vehicle automatic transmission is engaged.