No, not to control parents, although that’s a thought, controls for children on who and when kids can call, text, and FaceTime.
Sarah Perez walks through the list.
Parents will for the first time be able to set limits over who kids can talk to and text with during certain hours of the day. These limits will apply across phone calls, Messages and FaceTime. Parents also can apply a different set of limitations on calls and messaging during the child’s permitted screen time and their downtime hours.
This is a nice set of new features, that makes owning an iPhone even better after you buy it.