Using RegexBuddy (or, as r3mus said, regex101.com, which is free):
Assert position at the beginning of the string «^»
Match a single character that is a “whitespace character” (spaces, tabs, and line breaks) «\s*»
Between zero and unlimited times, as many times as possible, giving back as needed (greedy) «*»
Assert position at the beginning of the string «^»
Match the character “>” literally «>»
EDIT: Birei's answer is probably more correct if the regex in question is actually wrong.