I'm in the UK and I have my parental controls set for my kids. I tested it by logging in as my son and trying to view the zombiU section on miiverse. The title still shows up but you aren't allowed to enter the community. Fine, that's how it's supposed to work. But I can see the community fine (just checked).
So this doesn't seem to be across all of Europe?
Edit : doh, can't view the content in the eshop. It says restricted hours but doesn't say what owe hours are, so I'm supposed to guess? So Ubisoft can't get my money until after 11pm?