  We present a spectral and timing analysis of the black hole candidate MAXI
J1543-564 during its 2011 outburst. As shown in previous work, the source
follows the standard evolution of a black hole outburst. During the rising
phase of the outburst we detect an abrupt change in timing behavior associated
with the occurrence of a type-B quasi-periodic oscillation (QPO). This QPO and
the simultaneously detected radio emission mark the transition between hard and
soft intermediate state. We fit power spectra from the rising phase of the
outburst using the recently proposed model propfluc. This assumes a truncated
disc / hot inner flow geometry, with mass accretion rate fluctuations
propagating through a precessing inner flow. We link the propfluc physical
parameters to the phenomenological multi-Lorentzian fit parameters. The
physical parameter dominating the QPO frequency is the truncation radius, while
broad band noise characteristics are also influenced by the radial surface
density and emissivity profiles of the flow. In the outburst rise we found that
the truncation radius decreases from $r_o \sim 24$ to $10 R_g$, and the surface
density increases faster than the mass accretion rate, as previously reported
for XTE J1550-564. Two soft intermediate state observations could not be fitted
with propfluc, and we suggest that they are coincident with the ejection of
material from the inner regions of the flow in a jet or accretion of these
regions into the BH horizon, explaining the drop in QPO frequency and
suppression of broad band variability preferentially at high energy bands
coincident with a radio flare.
