No, the PDL356PB2MBTW-VW is able to be configured via Bluetooth to act as a switch, a timer, or a Run on timer. Time Scheduled switching is not able to be achieved by the switch on it's own.
With the addition of a PDL501902 Wiser hub and connecting the Switch via Zigbee, scheduled switching is able to be achieved via automations within the Wiser by SE app.
Alternatively, the PDL356PB10MBTW-VW switch is able to do time scheduled switching as standard when configured via Bluetooth.