Abstract: A combined control and regulating valve (1) having a housing (2) with an inlet (3) and an outlet (4) as well as a partition (5) between said inlet and outlet and having a seat (6) designed for an interaction with a main valve body (7), which is adjustable from outside. Said inlet and said outlet are connected to one measuring nipple each (31-39 and 41-49 respectively) for the measurement and the control of temperature and/or pressure. One of the measuring nipples (41-49) is designed as a multiple function nipple (50) having a cutt-off-function designed to interact with a seat (53) in a passage (40), which receives said nipple. In a housing neck (55), which encloses said nipple, are access openings (56) disposed, through which e.g. water can be discharged or filled, when said nipple is in its outer screwing position.