* Classifying accounts as child accounts (moderated by a parent)
* Allowing account moderators to review content in the account that is moderated (including assigning other moderation tools of choice)
In call cases transparency and enabling consumer choice should be the core focus.
Additionally: by default treat everyone online as an adult. Parents that allow their kids online like that without supervision / some setting that the user agent is operated by a child intend to allow their children to interact with strangers. This tends to work out better in more controlled and limited circumstances where the adults involved have the resources to provide suitable supervision.
At the same time, any requirements should apply only to commercial products. Community (gratis / not for profit) efforts presumably reflect the needs of a given community.