An adjusting system for camshafts of an internal combustion engine with an emergency running function, comprising a superposition gearing (1, 2, 3, 4) having a drive input element (2) which is driven by a crankshaft of the internal combustion engine, having a drive output element (1) which drives a camshaft (21) of the internal combustion engine and having an actuating element (4) by means of which a relative rotation between the drive input element (2) and the drive output element (1) can be realized by means of a device (7, 8, 9, 10, 11) for imparting a braking torque, which is variable fornormal operation, to the actuating element (4), wherein in the event of failure of the device (7, 8, 9, 10, 11) and/or of the control thereof, an emergency running position of the camshaft (21) can be attained and held by braking or arresting the actuating element (4). According to the invention, said adjusting system is characterized in that a lining carrier (8) of the device (7, 8, 9, 10, 11) is arranged in an axially movable and rotationally fixed manner on a shaft (5) which bears the actuating element (4), in that the braking torque for normal operation can be varied by means of an electromagnet (11) which acts on the lining carrier (8) counter to the force of a spring (10) and in contactless fashion, which is stationary and which can be acted on with variable voltage, and in that, inthe event of failure of the voltage applied to the electromagnet (11) and/or of the control thereof, the lining carrier (8) can be pressed against a stationary counterpart friction surface (7, 24) bythe force of the spring (10), and the emergency running position can thereby be set.