An anti-lock hydraulic brake system having a master brake cylinder (2), a pump unit (17, 18), a supply reservoir (11) and at least one wheel brake, a brake line between the master brake cylinder (2) and the wheel brake into which an inlet valve (21, 22) is inserted, a relief line (25) between the supply reservoir (11) and the wheel brakes into which an outlet valve (23, 24) is inserted, a pressure line (15, 16) from the pump unit (17, 18) to the brake line (12, 13), said system comprising, in combination:
- a separating valve (14) in the brake line (12, 13) between the master brake cylinder (2) and the point where the pressure line (15, 16) terminates into the brake line, which valve is switched by pump pressure to assume its closed position, and a regulating valve (19) for generating a pump pressure in the pressure line (15, 16) proportional to the pressure in the master brake cylinder (2), wherein the valve passage (36) of the separating valve (14) is operatively coupled to, communicates with, and is aligned with the valve passage (49) of the regulating valve (19).