Abstract: A control valve (100) for regulating a fluid flow in an HVAC system is described, the control valve (100) comprising a valve housing (11) defining a flow path (12), a valve regulating body (13) arranged in the flow path (12) and being adjustable between a closed position and an open position for the fluid flow, and a flow regulating insert (14) configured to regulate the fluid flow over a range of pressure differences across the flow regulating insert (14), wherein the flow regulating insert (14) comprises a spatially fixed pin (141) and an elastically deformable annular throttling member (142) encompassing at least a part of the pin (141), wherein the annular throttling member (142) defines an orifice (143) in the flow regulating insert (14) for the passage of the fluid flow, the orifice (143) being modifiable by deformation of the annular throttling member (142) under a pressure difference across the flow regulating insert (14).