Yes it does. If you want to publish a game on a PlayStation platform, that game has to be submitted to Sony for approval. Back in the PSX days they called it concept approval (ask Capcom how that went with Mega Man 8 or Konami with SOTN). But they have specific criteria that have to be met. Sony isn't the only one who works this way, hell they learned it from Nintendo. All three publishers have criteria games have to meet in order to be published on their platform.
These approval rules change over time. When the first PlayStation launched, Sony would outright deny 2D games because they felt they didn't make the console competitive enough and differentiate it enough from the 16-bit era. During the PS3 era they had a rule where if the game came out on any platform before the Sony platform, you had to include some kind of exclusive be it DLC or costumes for the PS3 version.
In 2019 they updated their approval rules regarding sexualization of women. This is one of the reasons why we never got DOAX for PS4 in the US and why the DOA5 SE had a lens flare covering a bare ass (that was eventually patched out).
Sony has adopted new standards to cut down on sexually explicit depictions of women in video games sold for PlayStation.
www.businessinsider.com