Yes, Parental Controls can be easily set up on your device for channels as well as for On-Demand Apps from the 'Settings'.
On your device, Go to MENU -> Settings -> Personalisation -> Parental Settings and Enter your PIN.
All your parental control options will be displayed.
Select the options for which you wish to set up the controls:
LOCK TV PROGRAMMES WITH GUIDANCE
Select this box if you wish to lock programmes that require guidance.
HIDE ADULT TV CHANNELS
Select this box if you wish to hide all adult channels
Lock TV programmes broadcast after the watershed (9:00pm - 5.30am)
TV CHANNELS LOCKED AND HIDDEN
You can set which channels you wish to hide and lock by clicking on this option, once clicked you can select which channels you wish to hide and which channels you would like to lock. Please note, hidden channels can't be seen in your EPG but locked channels can be seen in your EPG but will require the parental Pin to watch.
You can set additional controls per On-Demand App (i.e. bar the access to each individual App) in the On-Demand section, like Amazon Prime Video, Hayu, Deezer etc.
Change the PIN of your device.